Yekta Homes news

On October 25, Turkey adopted a new law that directly affects the interests of property investors receiving income from short-term rentals. Now, to run a rental business, you need a permit from the Ministry of Culture and Tourism. To obtain a permit, it is necessary to have your plan to rent out...

Analytical company Endeksa has published statistics on real estate sales in Turkey for the Q3 of 2023. It shows an increase in the average price which, when calculated in Turkish Lira, has increased by 109% compared to the previous year. The highest figures are in the provinces of Hatay (158%),...

HISAR Intercontinental Hospital is a multi-specialty medical center in Istanbul established in 2005. The hospital, which is internationally accredited by the JCI, has 53 departments. Medical center experts report that a record number of foreigners, both residents of Turkey and those coming to the...

The Turkish Directorate General of Migration Management has announced stricter regulations for obtaining residence permits for foreigners. Previously, the minimum property value that allowed foreigners to apply for a residence permit was $50,000 in provinces and $75,000 in major cities. Now, a...

According to Turkey's Minister of Culture and Tourism, Mehmet Nuri Ersoy, the country needs additional regulation in the short-term rental property sector. In recent months, there has been an increase in the demand for daily rental apartments in Turkey. This leads to low occupancy rates in hotels,...

Turkey continues to be one of the most popular destinations for tourism and migration, both in Europe and the Middle East. In just one month, from April to May 2023, the number of real estate buyers in the country has increased by 23%, with the increase from 2,557 to 3,167 individuals. The main...

The proptech company Endeksa has revealed the results of an analytical study for August. According to statistics, in Turkey, the cost of real estate in national currency increased by 110% over this period. The average home price is now around $106,000. The highest rate of price growth was recorded...

The Turkish Statistical Institute (Turkstat) has published statistics for August. Russians are in first place among foreigners who became owners of Turkish property. Russian citizens concluded 733 deals. This is more than twice as many as Iranians who bought 342 properties. The third place is...

According to the Turkish Land Registry Directorate, in August 2023, the total value of transactions in Turkish lira reached 5.1 billion. Over the month, 120,000 residential properties and 55,600 building plots were sold. Compared to July of this year, sales increased by 13%. If we compare the...

The Turkish Banking Regulation and Supervision Agency (BDDK) has imposed a series of restrictions on those who plan to purchase a second property with a mortgage loan. It is believed that this measure will help stabilize the situation with rising prices. It is expected that a buyer who already owns...