The construction cost index (CCI) in Türkiye, released by the Turkish Statistical Institute (TÜİK) for October 2024, reflects significant trends that directly impact the real estate sector. These insights are critical for investors, developers, and homebuyers alike as they navigate Türkiye’s dynamic property market. Key Findings from the October 2024 Construction Cost Index The CCI...

In September 2024, construction costs in Türkiye surged once again, reflecting the ongoing trend of rising expenses in the building sector. According to the latest data from the Turkish Statistical Institute (TÜİK), construction costs rose 2.6% from the previous month and have climbed a striking 45% over the past year. This upward pressure, driven by material and labor cost increases, is reshaping real...

In October 2024, Türkiye home sales witnessed an extraordinary increase, with the number of homes sold rising by 76.1% compared to the same month last year. According to the Turkish Statistical Institute (TÜİK), this dramatic surge is reshaping Türkiye’s real estate landscape and presenting new opportunities for both local and foreign investors. Key Statistics from Türkiye Home Sales October...

Overview of Türkiye's Foreign Direct Investment Surge Türkiye’s economy is witnessing impressive growth in Foreign Direct Investment in 2024, with $7.7 billion in inflows recorded from January to September. This 8% increase over the previous year demonstrates Türkiye's continued strength as a magnet for global investors, particularly in real estate, which secured $2.2 billion of the total...

In a significant advancement for Türkiye’s real estate sector, the e-Devlet portal now enables users to manage rental agreements digitally. This initiative, announced by the Turkish Ministry of Treasury and Finance, aims to streamline the rental process, enhancing efficiency and security for both landlords and tenants. With just a few clicks, you can now handle rental contracts through a trusted,...

Türkiye's domestic tourism is booming in 2024, creating new and exciting opportunities for real estate investors. According to the latest TUIK report for Q2 2024, more people are traveling across the country, and key regions like Antalya are benefiting the most. These trends offer valuable insights for investors seeking to capitalize on Türkiye's growing tourism industry. How Türkiye Domestic...

If you’re thinking about buying property in Türkiye, it’s important to make sure you’re working with a trusted real estate agent or agency. Knowing how to verify a real estate agency in Türkiye can help protect your investment and ensure everything goes smoothly. This guide will show you exactly how to verify a real estate agent in Türkiye so you can buy your dream home with...