Yekta Homes news

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...

In June, there were 79,313 residential sales in Turkey, representing a 5.2% decrease compared to the same period in 2023. The majority of sales were concentrated in the following regions: Istanbul (13,025 properties sold), Ankara (6,866) and Izmir (4,361). The lowest number of sales was recorded in...

A report by the Real Estate Services Exporters Association (GİGDER) has revealed that the value of residential property in Turkey for foreign investors has reached a new high. The data for the second quarter of this year reveals that the average price of a property purchased by foreign investors...

The Financial Action Task Force on Money Laundering (FATF) has removed Turkey from the list of countries requiring enhanced monitoring. It is anticipated that this will enhance the country's global reputation, stimulating the inflow of foreign investment and strengthening ties with European and...

Now not all foreign buyers of property in Turkey are obliged to order an expert valuation. An expert report on real estate is a document that protects the interests of the buyer by disclosing all legal aspects of the object, including possible debts of the seller to state structures and other...

Turkey is launching an electronic appointment and tracking system for residence permit applications. It is scheduled to be launched on 24 June 2024. The main purpose of introducing the system is to streamline and securely store data on foreigners. From a practical point of view, the introduction...

Artificial intelligence based on TÜIK statistics has analysed housing sales in Turkey for May 2024. According to TÜIK, sales increased by 46% during the month but decreased by 2% compared to last year. A total of 110,588 residential units were sold in May—down by 3.4% compared with...

Alanya is one of Turkey's safest cities in terms of earthquakes. It is still checking buildings to make sure they meet safety standards. Alanya is one of Turkey's safest cities in terms of earthquakes. Buildings are still being inspected to ensure they meet safety standards. These buildings will be...

According to a tax reform that is expected to be submitted to parliament soon, taxes will be increased for owners who use real estate as an investment vehicle. The details of the reform have not yet been revealed, but Hakan Akçam, president of the Ankara Professional Chamber of Estate Agents...

Finance Minister Mehmet Şimşek says that on 1 July Turkey will lift its restrictions on rent increases. Landlords could only increase rents by 25% a year. The landlords didn't like the restrictions because they didn't take inflation into account. The Minister of Finance said that there is no need to...