Removal of the 25% limit on rentals in Turkey! Economist Nedim Türkmen mentioned in today's column that, in a closed-door meeting with the press, Minister of Treasury and Finance Mehmet Şimşek announced the removal of the 25% limit on rentals. Especially in major cities, housing rental prices have been rapidly rising. However, on July 1, 2022, the government implemented a 25% limit on housing rents....
Featured Apartment for Sale in Oba: A 2-Bedroom Resale Gem If you've been yearning for a residence that seamlessly combines natural beauty with urban convenience, look no further than the enchanting 2-bedroom featured apartment for sale in Oba. This residential oasis, nestled amidst the serene landscapes of Oba and Alanya, promises a harmonious lifestyle for those seeking the perfect blend of tranquility...
New Short-Term Rental Law Effective January 1st! Turkey, approved by the Turkish Parliament, will implement a groundbreaking short-term rental law on January 1, 2024, reshaping how it manages short-term accommodations and introducing regulations to streamline the process. Approaching the new year, the short-term rental law is set to take effect, marking a significant milestone in Turkish tourism...
Understanding Rental Agreements in Turkey: Do You Need to Renew Your Lease Every Year? Disagreements between landlords and tenants have been on the rise, often revolving around the terms of lease agreements. One common question that arises is whether a new lease agreement needs to be signed every year. Let's delve into the details of understanding rental agreements in Turkey and explore the implications...
Housing prices increased by 86.5%! The Turkish housing market has witnessed an unprecedented surge, with average housing prices increased by 86.5%! skyrocketing in October 2023, according to data released by the Central Bank of the Republic of Turkey (TCMB). This surge marks a significant shift in the dynamics of the real estate landscape, prompting a closer look at the factors driving this surge and its...
Featured Property for Sale in Cikcilli, Alanya If you're in search of a spacious and luxurious apartment, look no further than this large 2-bedroom resale in Cikcilli, Alanya. This Featured Property for Sale in Cikcilli provides a host of amenities and facilities, promising a comfortable and enjoyable living experience just minutes away from the city center and with captivating views of the surrounding...
Building Your Dream Home in Turkey: A Step-by-Step Guide Dreaming of building your own villa in Alanya, Turkey? This guide provides a comprehensive overview of the essential steps to turn your dream into reality. From choosing the perfect land plot to navigating legalities, working with architects, and estimating costs, this article covers everything you need to know about building your dream home in...
Turkish Exports Soar to $22.9 Billion, Setting an October Record In a testament to Turkey's economic resilience and strength, October witnessed Turkish exports surge to reach an unprecedented $22.9 billion, a remarkable 7.4% increase compared to the same period last year. Trade Minister Ömer Bolat shared this triumph, emphasizing the nation's steadfast growth amidst challenges. Turkey's Triumph Despite...
Foreign Investors Preferred Antalya In Turkey, housing sales to foreigners amounted to 30,599 between January and October, with Antalya leading the way with 11,303 units sold. The sales to foreign investors experienced a 52.9% decrease in October compared to the same month the previous year, totaling 2,535 units. In October, foreign investors preferred Antalya and Alanya within the...
Properties Foreigners Can Buy in Alanya The Types of Real Estate Available for Foreigners to Buy in Alanya, Turkey Alanya, a coastal gem located in the Antalya province of Turkey, has been a prime destination for real estate investment by foreigners in recent years. Its stunning Mediterranean coastline, rich history, and affordable property prices make it an attractive location for those seeking a second...
