Late December, officials of Turkish government announced new major changes will take place from 1 January 2023 regarding Turkish citizenship law. Homist team has summarized the main implications of new regulation as below: 1, Pre-sales Agreement for immovable property has to be signed as a single contract for one immovable property 2, Immovable property value […]
Homist’s analysis shows that many factors will affect Turkey’s property market. That will lead investors to be more conservative in their investments in Turkey’s market. Statistically, 2023 will not follow the extraordinary growth trend that occurred from 2018 to 2022. In general, Foreign Investors may taken risk averse strategy and their return outlook will be moderated, similarly the demand-supply balance has been effected during 2022. We highly advise our clients to thoroughly analyze the offers they receive from developers or agents. However in long term there is no doubt Turkey’s real estate market would appreciate the investment in real estate with acceptable Return on Investment (ROI). The presidential elections is another effecting critical factor that plays critical role for property market in Turkey which will take place not later than July 2023. The opening of the Istanbul International Finance Center (IIFC) in Istanbul might be one of the few positive factors that could affect growth in property prices. Several developing enterprises and contractors will engage in recovery of southern Turkey to build more than 50,000 houses in affected areas which may lead to shortage of supply in the other regions likes Istanbul and effect in prices of properties.
For the last two decades construction and real estate sector was one the key driving industries empowering the economy of Turkey. Due to increasing local and international demanding in housing market, project developing companies extended in faster pace. Homist has provided list of top developers in Turkey in 2022 based local data and analytics. Note […]
Homist offers special service for feasibility of projects in Istanbul.
Homist offers deep analysis of real estate market in Turkey for Q3-2022 The third quarter was very similar to Q2 for foreign investor having Russian buyers on top of the list again. Turkey’s Economy in Q3 – 2022 GDP reached 4 trillion 258 billion 168 million TRY at current prices in the third quarter of […]
One of the best place for living inside green nature of İstanbul far away from urban crowd.
Üsküdar (Turkish pronunciation: [ysˈcydaɾ]) is a large and densely populated district of Istanbul, Turkey, on the Anatolian shore of the Bosphorus. It is bordered to the north by Beykoz, to the east by Ümraniye, to the southeast by Ataşehir and to the south by Kadıköy; with Karaköy, Kabataş, Beşiktaş, and the historic city center of […]
Ümraniye is very large working class district on Asian side of the city. It was a rudimentary district short time ago. Recently, there has been a great deal of change all around the district. With the projects such as building complex, large shopping malls, entertainment centres and environmental urbanization , Ümraniye is fastest growing district […]
