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SECOND- HAND HOME SALES IN THE USA ARE AT THE LOWEST LEVEL IN 28 YEARS

Second-hand home sales in the USA hit their lowest level since 1995 last year, due to the impact of rising mortgage (home loan) interest rates and low housing stock. The National Association of Realtors (NAR) announced second-hand home sales data for December 2023. Accordingly, second-hand house sales in the country decreased by 1 percent on a monthly basis, seasonally adjusted, to 3.78 million in...

TİVAT AIRPORT/ MONTENEGRO

Tivat airport is located right next to the city of Tivat, 8 km (5 miles) from the center of Kotor and 20 km (12 miles) northwest of Budva, one of the most popular tourist destinations on the eastern Adriatic coast. The airport's single runway ends just 88 m (289 ft) from the Bay of Kotor coastline. Tivat Airport has been classified 4D by ICAO airspace class D and is notable for its difficult approach...

73.972 VILLAGE HOUSES TO BE BUILT IN THE EARTHQUAKE REGION

Environment, Urbanization and Climate Change Minister Murat Kurum announced that 73 thousand 972 village houses will be built in the earthquake zone. In his statement on his social media account, the Minister Kurum said, "We will build our homes that are safe, healthy and suitable for the region with their barn, garden and unique architecture." According to the data in the image shared by the...

MONTENEGRO

Montenegro, country located in the west-central Balkans at the southern end of the Dinaric Alps. It is bounded by the Adriatic Sea and Croatia (southwest), Bosnia and Herzegovina (northwest), Serbia (northeast), Kosovo (east), and Albania (southeast). Montenegro’s administrative capital is Podgorica, though its cultural centre is the historical capital and older city of Cetinje. For much of the 20th...

PRINCIPLES FOR THE SALES OF IMMOVABLES AT NOTARY

The regulation determining the principles for real estate sales at the notary publics has been published. The application will start on the date specified on the Ministry of Justice website, where the information system specified in the notary law is established. According to the regulation in today's issue of the Official Gazette, which determines the principles to be applied to immovable sales...

CONSTRUCTION COST REDUCED SPEED

Turkish Statistical Institute announced the construction cost index data. Construction cost index increased by 3.44 percent in October 2022 compared to the previous month and increased by 117.07 percent compared to the same month of the previous year. Compared to the previous month, the material index increased by 3.88 percent and the labor index increased by 1.94 percent. In addition, the material...

THE EUROPEAN CENTRAL BANK WILL CONTINUE TO RAISE INTEREST RATES

Christine Lagarde, President of the European Central Bank (ECB), stated that they are determined to reduce inflation to the medium-term target of 2 percent, and that they plan to increase interest rates further for this. Lagarde spoke at the "Monetary Dialogue" session of the Economic and Financial Affairs Committee of the European Parliament (EP). Stating that the ECB has started a rapid and...

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