Yekta Homes news

From the beginning of 2024, a law will come into force in Turkey that will make it more difficult for property owners to rent out their homes for up to 100 days. The main provisions of the new law are as follows. Short-term rentals will only be allowed for properties with a licence issued by the...

Turkish media are reporting encouraging news: the minimum property value required to obtain a residence permit in Alanya may drop from $200,000 to $100,000. However, these are only plans for now, albeit very encouraging. Journalists from Alanya have held meetings with authorities and public figures...

According to the Central Bank of Turkey's (CBRT) residential property price index (RPPI), prices rose by 2.0% last month and 29.4% year-on-year. However, when inflation is taken into account, the real index fell by 10.4% year-on-year in December. This index, which includes qualitative changes in...

The 2024 high season was a turning point for the Turkish resort of Alanya, with unprecedented growth in tourist numbers. The number of overnight stays increased by 10-15%, reaching a record 22 million. The sector's economic contribution in foreign currency totalled €1.1 billion. The average...

The property market in Turkey shows significant growth in 2024, reaching a peak sales volume of 3.07 million units. This is 3.9% higher than in 2023. As a result of this rapid growth, government revenues increased significantly. Transaction fees reached 96.13 billion liras (about $2.7 billion), 60...

Turkish house prices fell 12% in real terms in November 2024 compared to the same period last year, according to statistics released by the Central Bank of Turkey in December. The nominal Real Property Price Index (RPPI), which excludes current inflation, rose 2.8% in November and 29.4%...

In Turkey, house prices continue to grow strongly in nominal terms, mainly due to high inflation and strong demand. However, real house price growth is more moderate in 2024. Nominal price growth is expected to slow in 2025, reflecting a stabilisation of market conditions. Analysts forecast that it...

According to the state-run Anadolu news agency, 3.06 million properties were sold in Turkey in 2024. A year earlier, 2.95 million sales were recorded. The number of transactions increased by 3.9 per cent compared to 2023, indicating a continued rise in buyer demand. Revenue from Turkish property...

Turkish analysts have said that current house prices are at one of the lowest levels given the economic situation. This is the so-called 'bottom' from which property values are expected to rise rapidly. So now is the best time to buy a house in Turkey. An additional argument in favour of this...

Turkey has introduced significant changes to the process of obtaining or renewing residence permits for foreign nationals and expats. All procedures, including residence registration and fingerprinting, now require an appointment via a special website. It is no longer possible to visit the offices...