All the rental places are commercial holiday rentals and high in rent. If we take out inflation, house prices rose by 4% year-on-year, and the average cost per square meter is now 6,312 Turkish lira per square meter. Citizenship by Buying House in Turkey! Getting Citizenship by House 2022 It is also safe and convenient. Nationwide, the average house price was TRY 3,104 (US$ 455) per sq. We are interested in offering offers of apartments for sale in Turkey, apartments for sale in Istanbul, and all types of real estate in Turkey: offices, stores, villas and apartments, in installments or in cash, in all areas of Istanbul and in the most luxurious complexes, Apartments for sale in installments in Turkey, Apartments for sale in Istanbul Asian side, Apartments for sale in Istanbul European side, Apartments for sale in Istanbul guaranteed by the Turkish government, Apartments for sale in installments in Istanbul, The rise in apartment prices in Turkey at the beginning of 2021, Apartments for sale in Istanbul with sea view, Apartments for sale in Istanbul with the guarantee of the Turkish government, Homes for sale in installments in Turkey Istanbul, apartments for sale in Istanbul with green views, apartments for sale in Istanbul close to the center, apartments for sale in Istanbul with large areas, apartments for sale in Istanbul with hotel services, apartments for sale in Istanbul near the New Istanbul Canal, apartments for sale in Basin Express Istanbul, apartments for sale in Istanbul with a smart control system, apartments for sale in Istanbul near the shopping malls, apartments for sale in Istanbul on the Bosphorus, apartments for sale in Istanbul Taksim Square, apartments for sale in Istanbul near the metrobus, apartments for sale in Istanbul near the tramway, apartments for sale in Istanbul near the metro, apartments for sale in Istanbul near the marina, Houses for sale in installments in Turkey Istanbul, Apartments for sale in Turkey with sea view, Homes and houses for sale cheap in Turkey Istanbul. The second factor is your lifestyle and whether you want to run a car, drink, smoke, and/or eat out. The prices in dollar terms are similar to the prices in USA, except eating at restaurants. Altinkum, over on the Aegean coast of Turkey, is also known as Didim. You have entered an incorrect email address! In February 2022, the average price of residential property in Turkey is 5,579 Turkish liras per square metre (or 378 US dollars at the rate of February 2022), the average cost of one unit is 736,428 Turkish liras (50,000 US dollars), and the average payback period for real estate investment is 19 years. Villas and houses in Turkey - Turk.Estate It's possible to buy luxury Antalya property well into the high hundreds of thousands and even millions of Euros for those seeking the very best. The fee is $100 for 1 day and 12 hours. More than 5,000 British people call Fethiye home, for example, tempted by attractive apartments from under 50,000. Of course you are NOT welcome. I agree with all of your comments about Turkey. Yes you are right there are economic downturn and high inflation but we are experiencing same kinda inflation in North America too. Terms of Use and Lastly, to rent out the property, research local rental yields. Situated at the crossroads of Asia and Europe, this beautiful country doesn't just boast of stunning views and rich culture. Istanbul: A Global Gateway with Endless Travel Opportunities, Shop with Ease: Guide to Online Shopping in Turkey. Otherwise, contact us today if you want to speak to a sales representative by email, telephone, or by visiting one of our regional offices. 1 USD = 17.5 TRY) Comparisons improve with every new data that you enter. Families with children below 16 will naturally incur hefty education costs, while a single person wont. Each listing contains all information, including price, location, home features, and contact details to find out more or arrange a viewing. How much does it cost to buy a property in Turkey? - Turkey Expert Original music by Marion Lozano and Dan Powell. Also, if you are not going to be signing the title deed transfer yourself, and ask your solicitor to act on your behalf, there will be the cost of a power of attorney. Most of scamming are usually happens in business, and if you're tourist better get ready to robbed. In Istanbul, Turkey's largest city and most expensive housing market, the average house price soared by 193.9% during the year to November 2022 to TRY 26,904 (US$1,432) per sq. At present, lamb and beef are expensive in Turkey averaging between 120 to 150 TL a kilogram. Buyers from different countries head to Turkey to invest into real estate, to move there or to get a holiday home that will be available throughout the year. If we compare Istanbul with the other Western countries, we can say that Istanbul is a cheap city for daily groceries, supermarkets, medical care, local clothing, domestic help, local food, fresh vegetables & fruits at the weekly street markets. Helena, Alex, Moustfa.you are completely correct in your comments and fair minded people. How Much Does a House in Turkey Cost - Select Turkey We guide our customers through the whole journey from finding their dream home to signing for their title deeds and settling in. You can pass the lunch and grab a famous Turkish simit (a sesame crusted bread, similar to bagels) with tea or buy a pre-maid sandwich for markets for short breaks and you can spend less than 1. 5 TRY 0.18429 USD. Other Turkish friends of mine have been trying to get a visitor visa for the U S some have been waiting over 2 years and no answer yet. Recently they tried to charge me 150 TL for 3 km although am a local. The secular Turks who doesnt want to be a part of the middle east may not give up without a fight. Company Registration in Turkey. How can I find Syrian woman for company in Istanbul? Avoid restaurants around touristic areas as well as guides and random people asking to help you. Wonderful city and lovely Turkish people - always kind, humble and warmhearted! However, for decades, places in Izmir like Foca, Cesme and Alacati always attracted Turkish retirees or wealthy Turks who want to own a summer home there. There's never been anything western about turkey get your geography right for once. Anything that has American mixed in the gene pool isn't welcome in turkey. In the cities like Istanbul or Ankara its quite opposite, according to Zingat.com neighborhoods around schools and universities show the highest rental demand from students and families with children. Istanbul is a nice touristic city. Thanks! The average price per square metre is now 4,911 Turkish lira. It will be 2 adults total. Transport: If you plan to live in Istanbul, transportation is a major cost, and using public services will set you back roughly 602 TL a month. These comments intentionally targeted Turkey jumping from falsely from politic to the normal people life spreading lies and false accusations. Property Prices in Turkey - Turkish property market 2021-Lowest Price Factor in between 400 to 1500 TL a month to make sure your household runs smoothly. My average cost of living for a very good furnished apt, food, transportation was under $1000 a month. It was just around the corner where we turned around and headed back to the hotel. But once again, Istanbul is such a large city, and as well as featuring budget housing, it is also home to the Bosphorus, where homes count themselves as Turkeys most expensive. By far, the most significant expense, wherever you live in Turkey is rent. Thank you very much for the help. However Erdogan needed approval from the whole body of government before selling over 15,000 Syrian refugees living in tents to China for cash women and female children. Cost of Living in Istanbul. Updated Prices Aug 2023. - Expatistan From the Aegean to the Mediterranean, let us look at house prices in Antalya city centre. Hotels For porters and room service, it is customary to tip 2-3 Euro. We are two 35-year-old men in Tekirdag-Sleymanpaa. We in western secular democracies (which Turkey once was) take a lot for granted. Comparisons improve with every new data that you enter. In report done by Gyoder we see that 28% respondents (out of 5,000 from different districts of Istanbul) do not own a property and rent it, the majority of respondents is between 35-54 years. Unfortunately these behavior only belongs to local citizen. It is currently very hard to find places to rent. Before Erdogan Turkey government was always corrupt. Earning overseas funds while living here is workable and you are likely to find it about half to a third of most countries costs. 1,133.193,251.58. Your use of this service is subject to our, Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1kg) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, Mobile Phone Monthly Plan with Calls and 10GB+ Data, Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ), Price per Square Meter to Buy Apartment in City Centre, Price per Square Meter to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate, A family of four estimated monthly costs are, A single person estimated monthly costs are. One-person households in the country increased to . = 26 x 17.5 = 455 TRY a day x 30 = 13650, So if the apartment is in a nice part of Istanbul then maybe on the high end of average. Besiktas, Bakirkoy, Kadikoy, Beykoz, Sariyer, Adalar, Uskudar, Sisli, Zeytinburnu and Beyoglu (in order) are the most expensive districts in Istanbul. Secondly i would like apologise to you for asking you this question, because i know, its probably not your field. Reduce this cost by shopping around for private health insurance. Please check Numbeo and BudgetYourTrips cost of living in Istanbul pages and see up to date prices. Salaries And Financing. Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate. Rent in Turkey is, on average, 82.0% lower than in United States. 30yrs old people living together like students. Istanbul is a huge metropolitan city with about 15 million residents that you can usually expect it to be busy whenever travelling there. Apartment for rents are cheaper even than in Pakistan I find Pakistan much more expensive on my every trip than Istanbul , Okay, so I received a job offer for 8500tl in Istanbul. Also check out Yabangee.com if you ever come to live here. Second question is, fees and availability for maid per month visiting 15 days for cleaning, ironing, washing and if possible cooking too. But all governments worldwide are very corrupt too. And thats a topic that should be carefully researched when it comes to Turkey. Wer in die Trkei zieht, sollte zunchst nach dem Lifestyle whlen und der Anbindung zu Expat-Communitys, falls gewnscht. Convert Turkish Lira to US Dollar USD to TRY Chart +50.86% (1Y) 1 USD = 27.0682 TRY Aug 15, 2023, 19:44 UTC Aug 2022 Sep 2022 Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023 Aug 2023 17.9336 20.9336 23.9336 27.2091 View full chart 1 US Dollar to Turkish Lira stats Currency Information USD - US Dollar We live in Tekirda- Sleymanpaa, two men are 35 years old. The turkish people are great, very helpful, kind and decent. Not classy at all and impolite as our cab driver ignored us when we said dont smoke! I have discussed this with fellow work colleagues, who have been to Turkey but were there for short-term (paid visit with arrangements) and they had positive things to say. But i dont know who else to ask i am thinking of moving to Turkey for a 6 months or a year, looked everywhere, but i cannot find a house/flat to rent in a village on the outskirts of Istanbul or even some other city. Is advisable to go with a local. This is where our services become helpful. Transport: If you plan to live in Istanbul, transportation is a major cost, and using public services will set you back roughly 602 TL a month. Please provide rent advice, if we want to find a sea view apartment close to the second bridge connection on Asian side and is Gokturk really worth it for an Indian to live there ? Privacy Policy. House prices in turkey Istanbul: Also note that the. Turkey has become a very expensive country to live for anyone. When investing into a property its always logical to see how much you can gain by letting it for rent. Therefore, to invest wisely in Turkish real estate, drill down to regions to ensure a healthy, wise investment with much potential for capital appreciation. If you continue, we assume that you agree with our use of cookies. 36 Things to do this summer in Istanbul 2023, 2023 Top 10 Istanbul Bosphorus Dinner Cruise with Entertainment, Whirling Dervishes Show Istanbul (2023 Sema Guide with Tickets Advice), Rhythm of the Dance Show (Turkish Dance) Istanbul: Tickets, Best Turkish Baths & Hammams in Istanbul for 2023, Prices, The Most Livable Places in Istanbul: Top 10 Districts + Neighborhoods, The Best Places to Buy Property in Istanbul with Local Expert Help, Istanbul Welcome Card (Why Buy? We can help with historical touristic trips and accommodation. We have never been. The foreigner himself/herself and his/her family will have the right of Turkish citizenship within six months. Below you may see the average household prices per month in Istanbul. If its in a normal neighbourhood then you may be paying a premium for it. But we recommend to plan extra money to treat yourself for some inspiring local tastes or street food. How Tos? There is no inflation in Afghanistan now and my country is doing a lot better than Turkiyye. My work recently offered me a proposal to relocate to Istanbul and continue my work there, instead of working remotely. With the King of Saudi Arabia's influence comes other Arab nations doing the same thing now not accepting anything made in Turkey. But, it is not something a world leader like him could not solve. We are interested in tourism. Beykoz, Istanbul. In recent years, many locals sought to get out of Istanbul, complaining of congestion. There are too many exaggerated and false comments againts Turkey here. Please. I am struggling very much to understand the price for a 2 bedroom apartment atleast 110 - 120 sqmeters. Using local markets instead of the leading supermarkets for fruit, veg, and dairy products is cheaper, averaging in at roughly 300 TL a week for a good selection of products. Minibus (Dolmu) No tip. mostly syrian and afghans. Turkish lira sinks to new record low on prospect of Erdogan re - CNN It means the rental activity will be quite different. Annual inflation for 2022 was realized as 64,27% annual (137,55 according to ENAG). We aim to provide up-to-date, quality info and advice for your trip to our city Istanbul. These prices are wrong. Average salary in dollar terms is less than $500. Yeah I'm saying that because this not only happens to foreigners. Using the assumption that you own your own property and dont have rent or a mortgage to pay, the cost of living in Turkey is approximately 6.000 TL for a decent lifestyle but rising to 9.000 TL in big cities like Istanbul, Ankara, and Izmir. Every country has some financial problems some times, and Turkey is one of the good countrys to invest .give it a littel time and its going to be so good like never before. The negative comments about Turkish citizens and government are in order. Insider Tips, Istanbul E-Pass (Worth It? However, this lessened somewhat over five years, as the resort now sees more nationalities buying, including many German Turks. It all depends of what else is offered, is apartment furnished, is all gas, electricity water etc covered. I was born in Adyaman, a small historical Anatolian city of Turkey, in 1987. I want to apply for Trke scholarship. Cost of Living in Antalya. Aug 2023. Prices in Antalya - Numbeo Experts say that if Istanbul were to crumble, the whole of Turkey would collapse. Nobody wants to be associated with a country that promotes a dictatorship nobody. Please how much does it cost to rent an apartment in instabul, Culture, diversity, and beauty: Turkey has it all. Average Monthly Net Salary (After Tax) 11,398.76 TL. What Is The Average House Price In Turkey. This city had 16140 entries in the past 12 months by 1837 different contributors. You will get amazing life and work experience..go with an open mind and you will love it .. Most of the negative comments are from people and clearly they are anti Muslims. Properties For Sale in Antalya - Turkey Homes Do you live in Turkey? Turkey will never be anything spectacular just like it wasn't before the earthquake.Anyone who would live in any country and not understand the language is an idiot.Turkey needed that bad earthquake to shake things up people needed to die.Hopefully there will be more earthquakes even more intense to leave turkey and Turkish people where they belong buried alive is a fitting end to their existence. Just spent 6 weeks in Turkey through our winter with relatives. Really enjoyed and learned a lot from it. It's a known fact Turkish government and its citizens never liked anyone from any countries. My friends are working in Jordan and they say they earn a lot of money. The dollar is dominating world currencies and it'll continue to do so for decades to come and beyond. However, the answer is not straightforward and depends on three factors. Sirince Village: Free of charge. . Rooms: 5 Bedrooms: 4 Living space: 481 m2 Distance to the sea: 50 m. Ultra Luxury Villas with Sea ViewSea pool150 berth marinaHelipadThe possibility of obtaining Turkish citizenshipNumber of rooms: 4+1, 5+1Features of territory:footpathslandscaping design24-hour. Women are desperate for money and they'll do anything men want especially foreign men with money their bodies very cheap, Gasoline is not 14 TRY /l but 21.. https://www.opet.com.tr/akaryakit-fiyatlari/istanbul-avrupa. ", What a dumb foreigner you are Zhan the anonymous information on apr 19 was on target.No need to do as Zhan said WRITE QUESTIONS I WILL SHARE INFORMATION what an idiot.A full breakdown of costs has already been given correctly. Turkish Lira to United States Dollar. You won't receive this rate when sending money. Foreigners buy Turkish homes at record pace as lira slides Istanbul is following Mula with 703 per square meter, the average return on investment period of 19 years. If your main reason for buying a property in Turkey is an investment, research and local knowledge are essential. Prices of beer in shops range from 22 to 40 lira but can cost as much as 70 TL if you visit a bar. Monthly fees include electricity, water, sewerage, telephone, internet, gas, and satellite packages. Overall its safe and I feel way more safer here as compared to the streets of New York and Toronto downtown where you can get stabbed or mugged by any black or red neck racist psychopath. Should we choose another country to visit? House prices in Turkey - Properstar In addition, Antalya ranks as the number one place in Turkey for foreigners looking for a holiday home rather than an investment. in Bodrum you will rent it out easily in summer time, but face rental vacations in winter. Let us know that you approve our cookie policy. Good and bad people are every where but majority of the Turkey is safe and nice. Save my name, email, and website in this browser for the next time I comment. Thus, many Turks are pushed into poverty and they blame the foreigners for economic hardship, Syrian and Afghan, Pakistani and Central Asian immigrants for the unemployment since they are believed to taking up jobs for much lower salaries and benefits, Russians, Ukrainians, Arabs and other foreigners for the sky high rent, because they are believed to be scooping up the properties at higher prices than the locals pushing the rent and purchase prices out of reach of ordinary Turks. The thing is if you come Turkey to visit jsut don't try familiar companies. How Tos? Also in 2023 informativ. The rents start from TL15K in big cities and if you don't share a small flat with 5 others, there is no way you can live in Istanbul. Download our mob app to browse over 4,000 properties in Turkey for sale. The fee is 100 dollar for 1 day and 12 hours. The city centre breaks down into five separate districts. Tourists aren't coming to turkey much these days especially since Ergodan is swapping spit with terrorists like selling Syrian refugee women to China for breeding purposes. Sorry guya, life is not so easy here, get prepared. The average property prices in Turkey is about 3800 Turkish lira (300$) per square meter. Yes, especially in the last year, there have been serious economic problems, the country's politics and inflation etc.., 65% of Turks do not support Erdogan, people are get by more difficult than they were 2 or 3 years ago, I believe that everything will be better than before after this government leaves. Read more about the most affordable places to buy property in Turkey. So everything is expensive, if you work as sheppard or building places you only earn 100 or maximum 150TL a day it is less than 4 American dollars, very bad! Commenting on the Real Estate Data of TURKSTAT in July, Aylin Daylan, chairman of the Endeksa.com Marketing and Sales Group, stated that overall property sales in July 2019 increased by 66,6% in comparison to June and decreased by 17,5% compared to July 2018. After slashing it from 19% at the start of September to 15%, it was trimmed again to 15% on Thursday, driving the lira to a new lows. Turkey ranked 166th out of 197 countries by cost of living and the 79th best country to live in. Here, we will try to give you an idea of the cost of living in Istanbul, including how much you should get paid to have a happy life, inflation and minimum wage in Turkey, average prices for basic services and goods, cost of accommodation, household bills and public transportation, useful tips about living in Istanbul and more for Istanbul newcomers and expats. On December 20 2021 the USD/TL that was 8.5 TL jumped for 1 week to 18.5 TL. Buying Real Estate in Turkey: A Value Trap? - InvestAsian The value of the currency cratered by more than 40% last year as Erdoan's unorthodox economic policies . Your use of this service is subject to our, Analysis of our Consumer Price Basket in Istanbul, Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1kg) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, Mobile Phone Monthly Plan with Calls and 10GB+ Data, Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ), Price per Square Meter to Buy Apartment in City Centre, Price per Square Meter to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate, A family of four estimated monthly costs are, A single person estimated monthly costs are, The price of Eggs (regular) (12) in the year 2012 in Istanbul was 4.07TL. 2-3 blue or white collar lives in the same house. This rising cost comes on the back of dramatic moves in the real estate market, and stem from two factors. 10-bedroom contemporary design villa for sale with private pool in Istanbul Beykoz. However, remember this is the average cost for the whole of Turkey. The British are the biggest overseas property buyers in Turkey and there are quite large communities building up. Cities with the highest price per square meter are Mula, stanbul, zmir, anakkale and Balkesir respectively (Endeksa.com report). However, the city centre and surrounding coastal resorts are in the middle of a new trend. I find the rent aparts there are overly priced. Is Gokturk a hyped township in the name of foreginers living there ? The average sales price per square meter in Mula is 746, and the return period of the real estate investment is 24 years. But ain't gonna lie if I was a foreigner Turkey isn't in the top 10 place that I would visit. We can find places close to the city or the sea for you to stay. I would like some information regarding living in Istanbul. See. My family are Turkish and we want to visit Turkey. Would really appreciate if I could get help regarding this. Property for Sale in Turkey - Buy Turkish Property We have clarified the most important details of real estate prices in the most important Turkish states in the following table: To learn more about the price of real estate in Turkey, it is necessary to compare with real estate prices in countries where there is a demand for ownership in the Gulf, Europe, and the American continents, in order to know the difference in the price of real estate between Turkey and the most important real estate countries in the world. close to 3 million refugees living in this city. Economic estimates of the International Monetary Fund indicate that the index of affordability of mortgage loans in Turkey is approximately 0.66, Buying real estate in installments in Turkey, Your home can be obtained by owning in installments, as construction companies in Turkey give ideal opportunities to sell apartments and villas in installments, and some installments may reach more than two or three years, and you can obtain partial financing to obtain the required amount to own property in Turkey by leasing, The average annual rental return for real estate is approximately between 5.8 to 6.3% of the property price. It is probably around 500.000 TL. It's a bad situation here in Turkey for everyone because the cost of living has outstripped wages earned by far. In Turkey you can select properties located on the holiday resorts or in cities where locals and expats are living, working and studying. The districts on the outskirts of Istanbul such as Beylikduzu, Avcilar, Sancaktepe, Silivri, Catalca, Sultangazi and Basaksehir (in order) are the cheapest ones. Learn how your comment data is processed. Answer for Hichem's question: People are living together. This table shows the lower, upper and middle limits of the price per square meter in these countries compared to Turkey: The price per square meter of the property in US dollars. Cost of entrance fee for Aphrodisias: 30 TL per person (3 Euro) Revised entry ticket costs (Admission fees) for Ephesus and nearby attractions are as follows: Ephesus: 11 euro per person (100 Turkish Lira) House of Mary: 6.5 Euro per person (60 Turkish Lira) Temple of Artemis: Free of Charge. FYI on average a 2 bedroom apartment averages 1,500 euro monthly depending upon what area in Istanbul. Feel sorry for people who work for minimum salary, which is just above $400. Some up to date prices on food and drink in Istanbul: Istanbuls Public Transportation How to get around Istanbul? To find a budget property, head to outskirt European districts. The average sales price per square meter in zmir is 477 and the return period is 20 years. Does that mean I will suffer . Here's your answer we don't want or need your tourist money or anything from foreigners. Turkish people deserve the hardship they are suffering now, because they elected and empowered an uneducated street smart crook as their president. But if you go of course central place like Bosphorus View Property, Taksim, ili, Maslak and other places brand projects around will go up to 5000$. According to government numbers, 40% Turks work for the minimum salary of 5500 TL, which is roughly 275 dollars. 15 years ago when $1= 1.7TL I was able to save money and send it to my family in Pakistan. Cost of Living in Turkey: prices in 128 cities compared - Livingcost.org You do the math. 2023 inflation is expected to be 58% No Regrets Booking Advice What is The Minimum Wage in Turkey? Fanar Realty | The price of homes in Turkey 2021 Be aware Erdogan,has approved a 25% increase in rent starting July 15, 2022.He blames inflation but he should be blaming himself.2023 will be 23% more for rent.Many people are walking away from their rented apartments and houses tent communities are springing up everywhere. Last update: August 2023. Congratulations to you for having a balanced mind and heart. Hope to hear from you soon. According to new legislation from January of 2021, an extra tax will be paid for houses with the value of more than 5.25 million Turkish lira.