Mayıs 2022

THERE IS NO HOUSING LEFT IN ANTALYA

Antalya's resorts are running out of vacant housing that could be rented. It was sold out by foreign nationals. Turkish residents report a real estate boom in Antalya. Meanwhile, as demand grew, prices also increased: the resort is more expensive than Istanbul, which has always been considered the leader in apartment rental prices. The country reports that the price increase is bad for domestic...

RENTAL HOUSING IN TURKEY BECOMES 4 TIMES MORE EXPENSIVE

The cost of renting real estate in Antalya has increased 3-4 times. If earlier it was possible to rent apartments at the resort for $173 per month, now this price is $720 (as of 5 May 2022). Moreover, the demand for buying real estate has increased in the country: many buyers consider the purchase of housing as an opportunity to obtain a residence permit and citizenship. In addition to Antalya resorts,...

TURKISH AUTHORITIES RAISE THE MINIMUM PRICE OF REAL ESTATE FOR CITIZENSHIP

The Turkish government has decided to increase the minimum cost of buying real estate for foreign nationals to obtain citizenship. If some time ago they could buy a house or apartment for $250,000, now only investors who purchase real estate for $400,000 will become citizens of the country. The authorities also remind that this property cannot be sold or managed within 3 years from the date of...

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