Prices for housing in Turkey in July 2026 rose by an average of 23.3% in local currency compared to last year; however, high inflation completely offset this increase: in real terms, real estate prices fell by 6.6%, according to the July market review by the platforms Emlakjet and Endeksa. The data was published on August 14.
The average price per square meter of housing nationwide reached 41,700 Turkish lira, or approximately $871, while the average price of a property sold was 5.21 million lira, which corresponds to approximately $109,000.
At the same time, July saw the first small positive sign in short-term trends: prices rose by 1.9% in nominal terms over the month and by approximately 0.5% when adjusted for inflation. However, one month is not yet enough to speak of a sustained recovery in the real value of Turkish housing.
Ankara’s Prices Are Rising Faster Than Istanbul’s and Antalya’s
Among the 30 provinces with the highest number of transactions, the most notable growth was recorded in Ordu—32.4% over the year. This is the only province among those analyzed where growth was positive even after adjusting for inflation—about 0.4%.
Ankara ranks second with a nominal increase of 28.7%, although in real terms, housing in the capital became approximately 2.5% cheaper. Next are Kocaeli—up 28.5%, Denizli—27.1%, and Elazığ—26.9%.
In Istanbul, a square meter of housing cost an average of 65,100 liras in July, and the average price of a property was about 7.16 million liras, or $149,500.
In Antalya, one of the main markets for foreign buyers, the average price per square meter reached 55,500 lira, and the average price per property was about 6.1 million lira, or $127,500. In Izmir, the average price was about 54,000 lira per square meter and 6.48 million lira per property.
Muğla remains Turkey’s most expensive province, home to resort centers such as Bodrum and Marmaris. Here, the average price per square meter reached 87,200 lira, and the average price per property was 11.34 million lira, or nearly $237,000. This is more than double the national average.
Housing sales have fallen sharply
The rise in prices is occurring against the backdrop of a significant decline in the number of transactions. According to the Turkish Statistical Institute (TÜİK), statistics on residential and commercial real estate sales for July were published on August 13, 2026. A total of 123,603 residential properties were sold nationwide during the month, which is approximately 17% less than a year earlier.
Istanbul remained the largest market with 22,600 transactions, followed by Ankara with 9,640, Izmir—6,550, and Antalya—6,300.
At the same time, the sales breakdown sends mixed signals. The number of mortgage transactions rose by 23.7%, while sales of new homes fell by 8.6% and those of existing homes dropped by as much as 20.8%. This may indicate a gradual return to the market of some buyers who are able to take advantage of bank financing.
Thus, the rise in the value of Turkish real estate in lira remains, to a large extent, a consequence of inflation. For investors, it is more important to pay attention not only to nominal growth of 20–30%, but also to real price trends, exchange rates, and rental yields. As of the end of July, the average property in Turkey is nominally significantly more expensive than a year ago; however, its real value continues to decline.
Open4Business recently conducted a separate analysis of the composition of foreign buyers of Turkish real estate. As of June 2026, Russian citizens ranked first with 381 purchases, while Ukrainians acquired 170 properties and tied for second place with Iranian citizens. In total, foreigners purchased 2,015 residential properties in June. From January through June, foreign demand totaled 9,083 properties, down 9.2% from the previous year.
Ukrainians remain one of the largest groups of homebuyers in Turkey, even over the long term. In 2025, Ukrainian citizens purchased 1,541 properties and ranked third among foreign buyers, trailing only Russians and Iranians. Thus, the decline in real prices for Turkish housing is of direct interest to Ukrainian private investors, who continue to maintain an active presence in this market.
For Ukrainian companies, participation in international tenders increasingly requires not only a high-quality commercial proposal but also standardised international business identification. One of the most widely used identifiers is the D-U-N-S Number — a unique nine-digit number assigned to companies within the global Dun & Bradstreet system.
The D-U-N-S Number is used by international corporations, financial institutions, procurement platforms, and certain government and donor organisations to unambiguously identify a legal entity. For a Ukrainian company, having such a number may be necessary when registering in a supplier system, undergoing due diligence, or submitting documents to participate in a tender.
“An international tender does not begin with the price. First, the customer must make sure that it is dealing with a genuine legal entity with a verified name, address, and business profile. The D-U-N-S Number helps connect a Ukrainian company to the global business identification system and simplifies its verification by international partners,” Maksym Urakin noted.
Before obtaining or updating a D-U-N-S Number, a company should verify the correct English-language spelling of its legal name, address, legal form, contact details, and management information. Discrepancies between registration documents, the corporate website, and the international profile may delay verification.
The D-U-N-S Number is particularly relevant for companies seeking to become suppliers to large international groups, work with global IT platforms, participate in procurement by donor organisations, or systematically enter the markets of the EU, the United States, and other countries.
At the same time, the number itself is not a certificate of reliability and does not guarantee success in a tender. Its function is to ensure the unambiguous identification of a business and link a legal entity to an international business profile that the customer can use during verification.
Dun & Bradstreet maintains the global D-U-N-S business identification system and develops solutions for company verification, risk assessment, compliance, and supplier management. In Ukraine, companies may contact the D&B — Interfax-Ukraine division regarding the obtaining and updating of a D-U-N-S Number.
Dun & Bradstreet is an international provider of business data and analytical solutions whose history began in 1841. D&B works with data on companies worldwide and provides tools for business identification, counterparty verification, credit and commercial risk assessment, compliance, and supply chain management.
The official representative of Dun & Bradstreet in Ukraine is the Interfax-Ukraine News Agency. The specialised D&B — Interfax-Ukraine division provides Ukrainian companies with access to international business data, helps them verify foreign counterparties, and assists them in working with D&B tools.
Enquiries can be submitted through the specialised D&B resource at dnb.ua, by email at Urakin@interfax.kyiv.ua, or by telephone at +38 (044) 270-65-74.
BUSINESS VERIFICATION, D-U-N-S Number, DUN & BRADSTREET, INTERNATIONAL TENDERS
According to the Serbian business publication Parametar, trucking companies in Serbia, Bosnia and Herzegovina, Montenegro, and North Macedonia are demanding that the European Union propose a concrete solution by September 1, 2026, to the problem of restrictions on professional drivers’ stays in the Schengen Area. Otherwise, the carriers are prepared to stage coordinated protests again and block freight terminals at the borders with the EU.
The decision was agreed upon by representatives of transport associations from the four countries at a regional meeting in Skopje. However, September 1 is not automatically the start date for the blockade. The carriers intend to wait for negotiations with the European Commission and discussions on the EU’s new visa strategy, after which they will decide on further actions.
The carriers’ main complaint concerns the 90/180 rule. Third-country nationals who benefit from the visa-free regime may stay in the Schengen Area for no more than 90 days within any 180-day period. This restriction also applies to professional drivers from the Western Balkans.
Carriers consider this approach unfair, since drivers do not enter the EU as tourists but regularly cross the border while delivering international cargo and return to their home countries after their trips.
“Our drivers leave every two, three, or five days, depending on the route, and then return. They don’t want to leave their home countries; they want to work for our companies. But 90 days isn’t enough for professional work,” said Nejo Mandić, president of the Serbian Association of International Carriers.
According to estimates by regional transport organizations, the problem affects about 100,000 professional drivers in four countries. Stricter enforcement of the limit has become particularly noticeable following the introduction of the European Entry/Exit System (EES), which automatically records the entry and exit of third-country nationals.
There is already a precedent for this threat to carriers. In late January 2026, drivers from Serbia, Bosnia and Herzegovina, Montenegro, and North Macedonia simultaneously blocked more than 20 freight crossings into the Schengen Area. The borders between Serbia and Bosnia and Herzegovina with Croatia, between North Macedonia and Greece and Bulgaria, as well as the port of Bar in Montenegro, were blocked.
The economic impact was significant. Marko Čadež, president of the Serbian Chamber of Commerce and Industry, estimated at the time that the blockade affected about 93% of the four countries’ exports, with total losses amounting to approximately 92 million euros per day.
According to his assessment, individual companies faced fines and losses of 10,000–50,000 euros per day per company due to their inability to fulfill contractual obligations. Moreover, the problems were not limited to Balkan manufacturers—European companies with factories, suppliers, and customers in the region also suffered from the delays.
If a new regional blockade were to occur on a similar scale, economic losses could again amount to tens of millions of euros daily.
For Serbia, the most vulnerable sector is the industry oriented toward European supply chains. Automotive components, electrical equipment, rubber products, metal products, food, and other goods are often transported by truck on a scheduled basis and must reach the customer at a strictly defined time.
Even a brief halt in traffic leads to a buildup of cargo in warehouses, disruptions to production cycles, and the risk of penalties from European buyers.
A prolonged blockade is particularly dangerous for manufacturers of perishable goods. During the January protests, carriers reported that Lidl alone had planned to deliver approximately 120 truckloads of meat, dairy products, fruits, and vegetables from Europe to Serbia within a single week. The traffic blockade directly threatened these deliveries.
The transport companies themselves are suffering double losses: while a truck is idle, it continues to incur costs for leasing, driver salaries, insurance, and other payments, but generates no revenue. Industry associations also warn that the inability to fully utilize drivers on EU routes could lead to the loss of contracts to carriers from EU countries.
The economic damage will not be limited to the Western Balkans. A significant portion of businesses in Serbia, North Macedonia, and Bosnia and Herzegovina are directly integrated into the production chains of EU companies.
Delays in the supply of components could affect factories in Germany, Italy, Austria, Slovenia, Hungary, and other countries. The reverse flow of European goods to the Balkans is also coming to a halt.
In addition, an important land transport corridor connecting Central Europe, Turkey, and onward to the Middle East runs through Serbia and North Macedonia. During the January protests, Reuters noted that the blockade was disrupting traffic along precisely this strategic route.
Following the January protests, the European Commission acknowledged that the established regime creates problems for highly mobile professions, particularly international drivers, artists, and athletes. The EU’s new visa strategy, adopted in January, provides for the possibility of finding a more flexible mechanism for these categories of workers.
However, an automatic exemption for professional drivers from the 90/180 rule has not yet been implemented.
Carriers are insisting on either special status for international drivers or a system of professional visas or other permits that would allow them to stay in the Schengen Area for more than 90 days without the risk of detention, deportation, or a travel ban.
Thus, September 1 becomes a key date for the Western Balkans’ transport market. If Brussels proposes a workable mechanism for professional drivers, a new blockade can be avoided. If an agreement cannot be reached, carriers from the four countries have already agreed on the possibility of joint action.
The issue of restrictions on professional drivers’ stays in the Schengen Area also affects Ukraine.
Ukrainian long-haul truck drivers employed by carriers registered in Ukraine, when entering the Schengen Area under the visa-free regime, are also generally subject to the 90-day rule within an 180-day period, unless they hold a separate long-term status or a residence permit. In its visa strategy dated January 29, 2026, the European Commission explicitly acknowledged that the current system creates problems for mobile professions, specifically mentioning truck drivers who serve EU businesses.
At the same time, the EU-Ukraine Road Transport Agreement, in effect until March 31, 2027, simplifies access for Ukrainian carriers to the EU market and eliminates the need for a number of permits for bilateral and transit transport, but does not in itself constitute an exception to Schengen migration rules.
Therefore, Ukraine has a genuine interest in the very same solution demanded by carriers in the Western Balkans: to distinguish between a professional driver’s working hours on an international route and a regular tourist stay, or to establish a special regime for such drivers.
Against the backdrop of shrinking fuel supply channels and the Russian Federation’s increasingly intense attacks on fuel infrastructure, Ukraine needs to build decentralized, small-scale underground storage facilities for petroleum products, according to Serhiy Kuyun, director of the consulting firm A-95.
“There is only one solution—storage in underground facilities. It appears that both the government and private players are already working on this. At the same time, building such infrastructure is at least twice as expensive as above-ground storage tanks,” he wrote on his Facebook page on Wednesday.
Meanwhile, according to the expert, there is currently no government support, not even in the form of deregulation or expedited approval of project documentation, let alone preferential lending and other incentives.
According to Kuyun, when creating underground storage facilities, the goal should not be to build large-scale facilities, as they are more vulnerable to complex missile strikes.
“But if every importer builds its own small storage facilities with a capacity of 3,000–4,000–5,000–10,000 cubic meters, this will already be a much more resilient structure. In any case, however, it’s important to understand that this won’t happen quickly—it will take one and a half to two years if we start today,” he believes.
According to the expert, it is necessary to convey to citizens, municipal institutions, and government organizations, as well as private companies, the need to build up fuel reserves. “A reserve distributed among consumers will help prevent panic buying and an excessive, sudden strain on the supply system in the event of a crisis,” noted the director of A-95.
According to him, Russia has launched new strikes on the bridge in Mayaky (the route from Reni to the “mainland”) and a “Shahed” drone strike on a tanker carrying lubricants on that same route.
“I think that when planning the strategy for securing petroleum products for the coming months, it’s best to forget about the South (…). This means that the entire burden will fall on the land border, which is already at maximum capacity. All of this indicates that the system is becoming less diversified, which carries corresponding risks,” Kuyun wrote.
As he explained, the enemy is gradually cutting off Ukraine’s southern fuel supply route, which amounts to a triple blow: a reduction in supply channels, a decrease in consumption due to the shift from “maritime” exports to “road” transport, and an increase in the burden on the border coupled with a decrease in its capacity for fuel imports.
At the same time, Russia is already attacking not only oil depots in Ukraine but also gas stations with fuel tankers.
As reported, the Ukrainian Oil and Gas Association (NAU) is urging the government to grant the fuel industry access to loans at 10% interest, which can be achieved by extending the scope of Cabinet of Ministers Resolution
No. 594 to all types of businesses for the purpose of creating underground storage tanks for petroleum products as part of the reconstruction of existing oil depots.
This was announced, in particular, by UGA President Yaroslav Starovoitenko during an online meeting with business representatives organized by the parliamentary committee on finance, tax, and customs policy earlier this week.
Following the reinstatement of mandatory statistical reporting in 2026, Ukrainian companies must once again comply with the data submission deadlines set by the State Statistics Service. However, as noted by the Experts Club Information and Analytical Center, the set of statistical forms varies by company and depends on the type of activity and whether the company is included in a specific government statistical survey.
How to Find Out What a Specific Company Must Submit
The State Statistics Service uses the “My Reporting” service, where an enterprise can check the list of forms for the statistical surveys in which it is included. A qualified electronic signature — QES — is required to obtain this information.
In addition, the official portal of the State Statistics Service has published the calendar for submitting state statistical survey forms and financial statements for 2026.
Depending on a company’s activities, the statistics authorities may request information on production, sales, services, the number of employees and wages, freight and passenger transportation, agriculture, foreign economic operations and other indicators. The list of forms for 2026 has been published by the State Statistics Service itself.
At the same time, financial statements must be submitted to the statistics authorities by legal entities that are required to maintain accounting records and file such statements in accordance with the law. The State Statistics Service specifically indicates this in its reporting calendar for 2026.
Do Individual Entrepreneurs Need to Report?
Most individual entrepreneurs do not submit statistical reports. However, an individual entrepreneur may be included in a particular state statistical survey depending on the type of activity. In this case, the relevant form appears in the “Respondent’s Cabinet” and must be submitted within the established deadline.
The State Statistics Service cites individual entrepreneurs engaged in industrial production and passenger or freight road transportation as examples.
How to Submit Reports
Reports may be submitted electronically through the official free “Respondent’s Cabinet” or through compatible specialised software. The Cabinet displays the forms applicable directly to a particular enterprise or individual entrepreneur, their submission deadlines and instructions.
What Penalties Are Provided For?
According to Opendatabot, citing the applicable administrative liability provisions, failure to submit statistical reports, violation of submission deadlines, or the submission of incomplete or inaccurate information is punishable by a fine of UAH 51–85 for individuals and UAH 170–255 for officials and individual entrepreneurs. Liability may be higher for a repeated violation.
In practice, the average fine imposed by the State Statistics Service in 2020–2025 amounted to approximately UAH 170. Over six years, 228 penalty orders totalling UAH 38,862 were issued.
Mandatory statistical reporting was fully reinstated on 5 July 2025. Therefore, in 2026, enterprises should no longer rely on the deferral regime that was in force during the first years of the full-scale war.
EXPERTS CLUB, penalties, State Statistics Service, STATISTICAL REPORTING
According to The Serbian Economist, wildfires are raging in Croatia. Firefighting efforts are currently concentrated in the Omis area, southeast of Split, and on the Pelješac Peninsula.
The largest fire broke out on the evening of August 13 near the village of Lokva-Rogoznica and, driven by strong winds, quickly spread toward Omis. The fire swept through pine forests and coastal vegetation, damaging homes, cars, and boats. According to the latest estimates by Croatian authorities, the area affected by the fire is approximately 900–1,000 hectares.
The situation proved particularly challenging due to strong winds that constantly changed direction. Croatia’s Chief Fire Officer, Slavko Tucaković, described the events of the night as a “fire storm.” More than 150 firefighters took part in the firefighting efforts, along with Canadair aircraft and units from other regions of the country.
Residents and numerous tourists were evacuated from the most dangerous areas. At one point, there were about 1,500 evacuees at the reception center in Omis. Some people, fleeing the rapidly approaching fire, headed toward the sea.
As of midday on August 14, 40 people required medical attention. Fourteen people remain in the Split hospital, seven of whom are in life-threatening condition. The most severely injured have been diagnosed with burns covering a significant portion of their bodies.
By midday, the situation near Omis had improved significantly. No open flames were visible at the main fire site, and firefighters had moved on to dousing and extinguishing isolated hot spots. However, emergency services continue to operate in the area due to the risk of the fire reigniting.
At the same time, on the morning of August 14, a new large forest fire broke out on the Pelješac Peninsula, in the Kuna Pelješka area near Orebić. A pine forest is burning there; due to strong winds, the fire spread toward populated areas and threatened homes.
The fires have also caused transportation problems. In the Omis area, coastal roads were closed, and on Pelješac, traffic was halted on the section of the road between Prizdrina and Potomje.
Thus, as of 1:00–2:00 p.m. on August 14, the most critical situation along the Croatian coast remains in southern Dalmatia.
The Ukrainian Embassy in Croatia has recommended that Ukrainian citizens temporarily refrain from traveling to the city of Omis and the surrounding resort areas of Dalmatia due to the large-scale forest fires.
The fire broke out on the evening of August 13 in the Lokva-Rogoznica area and quickly spread toward Omis. As of August 14, the region has experienced infrastructure damage, partial power outages, and road closures along sections of the main coastal highway. Firefighting efforts and the evacuation of residents are ongoing.
Ukrainians already in the emergency zone are advised to avoid forested areas and fire zones, follow the instructions of local authorities and emergency services, and, if an evacuation is ordered, proceed immediately to designated assembly points.
In the event of a threat to life or health, Ukrainian citizens should contact the embassy’s hotline: +385 91 605 10 10.
https://t.me/relocationrs/3456
