Yekta Homes news

Currently, buyers and tenants of Turkish property are able to pay in cash, but this may change in the near future. The Turkish authorities are considering passing a law that would require property payments to be made only by depositing funds into a bank account or through RTT offices. These changes...

Turkey is introducing a mandatory requirement for all property tenants to make rent payments exclusively through banks or post offices (PTT), regardless of the amount. This regulation is being drafted by the Ministry of Finance and the country's Tax Administration. Violation of this regulation will...

According to the Turkish Statistical Institute (TUIK), 134,155 apartments and villas were sold in August 2024, an increase of 9.9% compared to the same month last year. The highest number of transactions was recorded in the following provinces Istanbul (19,467 sales), Ankara (12,496 sales) and...

Analysts anticipate a decline in interest rates by late 2024, which is expected to result in increased capital inflows into the Turkish property market. This shift is expected to begin around April 2025, leading to an accelerated rate of property price growth by mid-2025. Residential properties in...

According to data from Index, an artificial intelligence-powered property valuation and sales platform, property prices in Turkey increased by 36% year-on-year in July 2024. However, the rate of growth is beginning to slow. Adjusted for inflation, in real terms house prices are down 18% year-on-year...

Investing in Turkish property to generate rental income remains attractive not only for local owners but also for foreigners. Aware of this, the Ministry of Finance is tightening measures against tax evading landlords. Over 700,000 cases of non-filing of tax returns have already been detected this...

In Turkey, 127,088 residential properties were purchased in July 2024, an increase of 16.0% compared to the results of July 2023. The highest number of property transactions were registered in Istanbul (19,047 houses), Ankara (11,364 houses) and Antalya (6,659 houses). During the current period,...

According to experts, the growth of Turkish property prices is inevitable, as it is directly related to the rise in the price of construction materials. According to Atakan Bakulan, a member of the executive committee of the Council of Young Businessmen (TOBB), the cost of plaster in the country has...

A tourist residence permit is a permit for temporary stay in Turkey, granted for 6 months with the possibility of subsequent extension, provided that the property is owned or rented. In 2022, 153,000 Russian residents had Turkish residence permits, but by 2023 their number had dropped to 100,000....

The removal of the cap on property rent increases provides landlords with the potential to increase their income. The legislation strictly regulates that landlords cannot increase rents above the 12-month inflation index. According to the Turkish Statistics Institute (TÜIK), the average annual...