The Ministry of Health is ramping up its efforts to implement new precautions against potential epidemics. A new regulation will require housing complexes with more than 150 independent units to have a mini hospital or health room. The Ministry of Health, aiming to reduce the burden on existing hospitals and prevent outbreaks of diseases such as Monkeypox, has made a significant decision. According to...

The new regulation for real estate listings will now cover not only real estate websites but also advertisements posted on social media platforms. Due to the increasing number of deposit frauds and fake listings, the government has introduced a verified listing system. Starting from September 15, 2024, homeowners who want to rent or sell their properties via e-Government must authorize a real estate agent....

Following the price increases in the real estate sector, many decisions have been made regarding the industry. These decisions, aimed at reducing housing prices, were focused on the listings and real estate agents responsible for the price hikes. In response to the rise in housing prices, a new step has been taken to prevent price speculation in online real estate listings. To curb speculation in the...

New regulations regarding property sales to foreigners have been introduced, and the requirement for appraisal reports and expertise has been removed. While there has been a decline in property sales to foreigners, the anticipated regulation in the implementation of the Turkish Citizenship Law has been enacted. With the new regulation, the obligation to obtain an appraisal report for property sales to...

A precedent-setting decision has been announced for the title deed fee, an important expense when buying and selling property in the real estate market. Now, applications for title deed fee refunds have begun. Here’s what you need to know about this process… Application Process For Title Deed Fee Refunds Has Started In recent times, rising property prices have driven taxes and expenses for those...

In the real estate sector, the authorization certificate is crucial for reliability and professionalism. According to a press release by the Ministry of Trade, this certificate verifies the identity and authorization of individuals involved in real estate transactions through the Electronic Listing Verification System (EİDS). The authorization certificate ensures a fair, competitive, and stable market....

The cities with the highest property sales to foreigners in the first five months of 2024 have been announced. According to the details, the list is dominated by tourism cities, but there are some surprising entries as well. Property sales to foreign nationals decreased by 45.8% in the January-May period of 2024 compared to the same period last year. According to data released by the Turkish Statistical...

The regulations to be made by the Ministry of Treasury and Finance will make changes to the land registry system. From now on, land registry fees and property taxes will be calculated based on the real values ​​of real estate. A comprehensive regulation has been completed in the field of taxation in Turkey. The draft prepared by the Ministry of Treasury and Finance was presented to President...

In Northern Cyprus, the conditions for foreigners to acquire property and for long-term rentals have been revised. The "Property Acquisition and Long-Term Rental (Foreigners) (Amendment) Bill" was passed by a majority vote in the TRNC Parliament, introducing new conditions and restrictions on certain purchases. With these changes, foreign nationals can now own an apartment or house in the Turkish...

Bad news for homeowners: After those who rented, now those who will sell their homes and those who own more than one home will face new taxes. It has been reported that additional property taxes and title deed fees will be imposed on those who own more than one home in order to create resources for budget expenditures. In addition, it is expected that taxes will also be collected from those who sell...