Alanya
+18°C
25°C
2188apartments on site

The Turkish authorities plan to introduce a restriction on rent growth

  • 16.06.2022
  • The Turkish authorities plan to introduce a restriction on rent growth photo-1 4121
  • The Turkish authorities plan to introduce a restriction on rent growth photo-2 4
  • The Turkish authorities plan to introduce a restriction on rent growth photo-3 1
The Turkish authorities plan to introduce a restriction on rent growth photo-4

This measure is forced, since the increase in tariffs over the past year amounted to more than 182%. The maximum growth was recorded in Istanbul, while offers decreased even against the background of these figures. According to the Minister of Justice, the restriction measure will be temporary and is designed, first of all, to protect Turkish families with an average income who lose out on solvency to wealthy foreigners. Regulation will be carried out on the basis of analytical information obtained in other countries with a similar situation, and within the framework of the current inflation. At the same time, the interests of both tenants and landlords will be taken into account.

Comments
Leave comment
Read also
  • The Turkish authorities plan to introduce a restriction on rent growth photo-5
    Alanya Municipality will start the second phase of the reconstruction of Atatürk Street in the city centre on 2 November. The work will cover the section from the Atatürk Monument to the district office of the Highways Directorate (Karayolları). The order of works was agreed on 14 October...
    22.10.2026
  • The Turkish authorities plan to introduce a restriction on rent growth photo-6
    By the end of April, the overall increase in real estate prices in Turkey reached 147%. Recalculated per square meter, it looks like $503. The Institute of Statistics of Turkey notes that not only have prices increased but also sales, which even Ramadan could not stop. At the same time, Russians are...
    09.06.2022
  • The Turkish authorities plan to introduce a restriction on rent growth photo-7
    Over the past three months, citizens of the Russian Federation have purchased hundreds of residential properties in the Republic of Turkey. The leading Iranians and Iraqis now rank second and third. This trend began to develop in early March. This is associated with military actions in Ukraine. In...
    02.06.2022
Free consultation

Schedule a consultation with our real estate experts

Ali Pazandeh
Sales representative, Graphic designer