Rent
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Selling a house in Turkey and steadily rising prices for local real estate can bring an owner a good profit. Official data shows that the value of real estate has increased by over 50% in 2021. The growth prospects for 2022 are driving investors' interest. This makes purchasing a home to resell more appealing. Content: Prospects of the Turkish...
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Turkish housing is in great demand among Russians. According to statistics, Russians made the third highest number of real estate purchases by foreign investors in 2021, only Iranians and Iraqis made more. Investors often acquire housing on the Mediterranean coast, not only to preserve their capital, but also to generate income from renting in...
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The maintenance of real estate in Turkey costs foreign investors far less than in European resort countries, such as Spain or Italy. The amount of taxation and utilities are relatively small when buying a home, and there are simplified options for obtaining Turkish citizenship. It is important to be aware of the expenses involved before you make a...
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In autumn, Turkish real estate market experts said that if someone was looking for housing, it was the best time to purchase. Even though there are new development projects, there still aren't as many as pre-pandemic. The cost of construction is getting higher and these extra expenses also fall on the shoulders of potential buyers. By winter, both...
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Finding suitable rental housing is becoming increasingly difficult; in general, rent in prominent cities in Turkey has risen by 30-50%. And in Izmir, the rent has tripled in some places compared to the «pre-COVID» period. And besides, due to the sharp reduction in the supply of «free» apartments, fraudulent schemes are becoming more sophisticated...
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The excessive and unapproved construction community’s increase in rent for housing has recently caused controversy and remains the main news on the agenda. In megacities, the situation is controversial; in Istanbul and remote areas, rates have increased from 30% to 70% over the year. Is there a limit to this? Content: There are 3 main reasons...
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Turk.Estate presents real estate in Turkey for sale from the most reliable developers in the country. Why did we decide to talk in detail about the lease and the nuances of signing the contract? This information can be useful to apartment owner in some cases. First, if you decide to travel around the regions before purchasing a property, you can...
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Experts analyzed the housing situation in coastal cities and areas around the start of July holidays in Turkey, which saw a surge in bookings that had not been seen in years. For example, rental rates for detached houses reached 20,000 TL per day. June 2021 Resort Property Index data was released by Hepsiemlak, and their real estate portal...
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If you have a property in Turkey, in accordance with the Turkish tax legislation you must pay income tax from renting. The tax is paid in equal installments twice a year. Payment method: Bank or the Tax chamber. The minimum rental income, which is not taxed, is: For housing – 6,600 Turkish liras per year; For commercial properties – 49,000...
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Yes, foreigners can surely rent out their own property in Turkey. In fact, it is a great option if you are buying a property as an overseas holiday home. On the one hand, you get a holiday home and on the other hand, you get an additional income source by renting it out when you are not using it. The high season for holiday rentals in Turkey is...
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