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Real estate values in Turkey are steadily on the rise

  • 02.08.2021
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Real estate values in Turkey are steadily on the rise The popularity of Turkish real estate affects prices increase. Over the past year, an increase in demand led to an increase in prices for primary and secondary housing by almost 30%. The changes also affected the lease. The Turkish authorities have set the maximum possible increase in rent. As of July, it should not exceed 14.55%. However, the requirement applies only to renewable contracts. If the property is rented out to a new tenant, no restrictions apply. This allowed the owners to increase their prices at a record. The increase was especially evident in the central regions of the country and resort areas. The rental price in a number of cities has increased up to 70%.
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