Yekta Homes news

In 2023, Turkey registered 1,107,032 foreigners who received residence permits in the country. This number is 250,000 less than in 2022. Citizens of Turkmenistan lead the list of nationalities, displacing Russians from their previous leading positions. In 2023, citizens of Turkmenistan received...

As of January 1, a new law came into effect in Turkey that regulates the short-term rental of real estate for tourism purposes. The changes introduced require mandatory approval from the Ministry of Tourism. This approval will only be granted if all owners of apartments in an apartment building...

The Turkish DenizBank has announced the launch of a mortgage lending scheme for foreign citizens, marking a significant change in the country’s banking practices. Previously, foreigners were unable to take out mortgages in Turkey. According to the terms of the new scheme, mortgage loans are...

The Turkish Republic's Migration Directorate has reported on foreign residents for 2023. Last year saw a reduction in residence permit holders from 1.35 million to 1.11 million. With 250,000 foreign nationals leaving the country, there was a change in the national composition of expatriates:...

The number of new construction permits issued in Turkey grew in 2023. This means an increase in the number of new projects that will be commissioned in 2024. However, this is not enough to meet current needs. Turkey has been leading the world in price growth over the past 2.5 years. Real estate...

Tenants across Turkey have long complained about the rapid increase in rental prices in the housing market. According to a market analysis conducted by Bahçeşehir University's Center for Economic and Social Research (BETAM) in December, despite a slight decrease, accelerating inflation,...

According to statistics for the first 10 months of 2023, 994,000 residential properties were sold in Turkey. This is 14% less than in this period of 2022. On average, the sales figures for the last three years ranged from 1.4 million to 1.5 million housing units per year. Experts attribute the...

The Capital Markets Board Association has unearthed a series of fraudulent schemes permeating the real estate sector. These dubious activities are especially prevalent in transactions involving foreigners who are pursuing Turkish citizenship through property investments. These frauds often involve...

According to experts, buyers are now less likely to consider Turkish real estate as an investment. In the reality of high credit costs and housing prices, the potential demand cannot be realized. Statistics Real estate sales have decreased by 14% in the first 10 months of 2023 compared to last...

Legislative changes in Turkey covering rental properties could lead to rent increases of 30% or more. This is primarily due to a reduction in the number of offers, since not every unit will be rentable. The measures taken by the authorities are designed to regulate this sector, although in practice,...