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Insights

Istanbul property, read closely.

Market analysis, regulation updates and project notes from the PERGAS team — written for buyers, investors and owners across Istanbul and Dubai.

Latest writing
Consumer Confidence Falls 7.7%, Factories Get Busier — October 2026 Bulletin
Market Insights30 October 202616 min read

Consumer Confidence Falls 7.7%, Factories Get Busier — October 2026 Bulletin

Turkish consumer confidence fell 7.7% in a month to 84.8, the steepest drop in this series, and car-purchase likelihood sank 17.6%. Capacity use rose to 74.3% and energy export prices are up 130% a year.

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Secure Payment for Property Sales in Turkey: What Changes on 1 December 2026
Regulation Update27 October 20266 min read

Secure Payment for Property Sales in Turkey: What Changes on 1 December 2026

From 1 December 2026, the cash and bank-transfer part of a property price in Turkey must pass through a state-run secure payment system that releases the money to the seller only when the title deed changes hands.

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The Real Costs of Buying Property in Turkey in 2026
Legal & Residency27 October 20267 min read

The Real Costs of Buying Property in Turkey in 2026

The price on the listing is not what you pay. Here is every cost a buyer meets in Turkey in 2026, who pays it, and how much to set aside.

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Construction Turns Positive, Istanbul Rents Outpace Prices — October 2026 Bulletin
Market Insights23 October 202617 min read

Construction Turns Positive, Istanbul Rents Outpace Prices — October 2026 Bulletin

Construction output turned positive year on year for the first time (+2.3%), and Istanbul new-tenant rents rose 35.5% against 26.8% for house prices. Real estate activities fell 7.5%; real house prices are still down 5.7%.

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Turkish citizenship by investment: what changed in property valuation in September 2026
Legal & Residency16 October 20266 min read

Turkish citizenship by investment: what changed in property valuation in September 2026

From 28 September 2026, property bought from a GYO (a Turkish REIT) is no longer exempt from an independent valuation. The USD 400,000 threshold is unchanged, but the sale price, the valuation and the payments must each reach it on their own. A TTB now stays valid for 12 months instead of 6, and GEDAŞ no longer holds a monopoly on citizenship valuations.

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What you pay every year after you buy: property taxes and running costs in Turkey, 2026
Legal & Residency5 October 20267 min read

What you pay every year after you buy: property taxes and running costs in Turkey, 2026

Most guides to buying property in Turkey end at the title deed. Ownership is a yearly bill: the annual property tax, the high-value home tax, rental income rules and fixed running costs. Here is the full list for 2026, with the dates.

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Turkey's Economy in Six Weeks: An Analytical Dashboard
Market Insights25 September 202610 min read

Turkey's Economy in Six Weeks: An Analytical Dashboard

Five İTOSAM bulletins, 7 August to 18 September 2026, in one dashboard: growth slowed to 2.3%, real house prices fell 6.5% and firms' net profit margin sank to 2.08%, while output data shows the first signs of a bottom.

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Expectations Are Turning, Except in Construction — September 2026 Bulletin
Market Insights25 September 202614 min read

Expectations Are Turning, Except in Construction — September 2026 Bulletin

Five of six confidence indices improved or held steady in September; only construction slipped, to 83.0. Construction orders rebounded to 80.4 while hiring expectations fell, and energy export prices rose 106.24% in a year.

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Turkey Real House Prices Down 6.5% — September 2026 Bulletin
Market Insights18 September 202612 min read

Turkey Real House Prices Down 6.5% — September 2026 Bulletin

House prices rose 23% in nominal terms in August but fell 6.5% in real terms. Firms' net profit margin slipped to 2.08% in 2025, and construction employment growth halved from 7.1% to 3.5% in a single month.

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Turkey Construction Costs Up 28.33% — September 2026 Bulletin
Market Insights11 September 20269 min read

Turkey Construction Costs Up 28.33% — September 2026 Bulletin

Construction costs rose 28.33% year on year in July 2026, with labour at 30.51% outpacing materials at 27.13%. Construction turnover led every sector at 35.8%.

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Registering a company in Turkey, 2026: what it costs, what it gives you, and what it does not.
Market Insights8 September 202613 min read

Registering a company in Turkey, 2026: what it costs, what it gives you, and what it does not.

Most Persian and English guides to registering a Turkish company were written years ago and never updated. They quote a minimum capital that quintupled in 2024, a deposit requirement abolished in 2018, and tax rates that have since risen sharply. Worst of all, many claim that registering a company gives you Turkish residence. It does not, and that single error has cost people a great deal of money. Here is the position as it actually stands.

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Turkey Economy Grew 2.3% — September 2026 Bulletin
Market Insights4 September 202610 min read

Turkey Economy Grew 2.3% — September 2026 Bulletin

GDP grew 2.3% in Q2 2026, a fourth consecutive quarterly slowdown. Construction contracted 1.9% after leading the economy at 11.0% in 2025, and unemployment rose to 8.1%.

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If you registered a Turkish company before 2024, it may be dissolved on 1 January 2028.
Market Insights3 September 20266 min read

If you registered a Turkish company before 2024, it may be dissolved on 1 January 2028.

A Turkish limited company used to require 10,000 lira of capital. Thousands of foreign-owned companies were set up at exactly that figure, because it was the minimum. The minimum has since risen fivefold, and existing companies now have until 31 December 2027 to catch up. Companies that don't are not fined. They are deemed dissolved — automatically, without notice, and without anyone having to file anything.

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Residency and citizenship in Turkey through property, 2026 — is it 200,000 or 400,000 dollars?
Legal & Residency24 August 202611 min read

Residency and citizenship in Turkey through property, 2026 — is it 200,000 or 400,000 dollars?

Four numbers circulate in Persian-language sources about Turkish property: 75, 200, 250 and 400 thousand dollars. All four were real. Two still are. Confusing them is the most expensive mistake a buyer can make — and it is entirely avoidable.

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You can buy an apartment with a tax number. You cannot switch on the electricity with one.
Legal & Residency24 August 20267 min read

You can buy an apartment with a tax number. You cannot switch on the electricity with one.

You can buy an apartment in Istanbul with a tax number. You cannot switch the electricity into your name with one. The gap between owning a property and living in it is a document nobody mentions until you need it.

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Turkey Property Market, July 2026: Total Sales Down 17%, Mortgage Sales Up 23.7%
Market Insights20 August 202614 min read

Turkey Property Market, July 2026: Total Sales Down 17%, Mortgage Sales Up 23.7%

Total house sales across Turkey fell 17% year on year in July, yet mortgaged sales rose 23.7% — and 30.9% across the first seven months. The cash buyer is being replaced by the credit-dependent end-user, which makes payment-plan design more decisive than pricing.

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Istanbul's inflation runs 3.5 points above Turkey's. If you are budgeting a project here, that gap is the number that matters.
Market Insights13 August 20264 min read

Istanbul's inflation runs 3.5 points above Turkey's. If you are budgeting a project here, that gap is the number that matters.

July data puts national consumer inflation at 31.75% and Istanbul's at 35.20%. The gap repeats every year, and budgeting an Istanbul project on the national figure under-costs it from the day the contract is signed.

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