Yekta Homes news

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...

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...