Real estate values in Turkey are steadily on the rise
Real estate values in Turkey are steadily on the rise
02.08.2021
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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%.
2022 was a record year for the Turkish real estate market: not only sales, but also prices rose. Below are the 3 most popular districts of the country:
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