New Regulations to Streamline Property Prices in Turkey
Steps to control real estate and car price inflation in Türkiye
- Turkey is moving towards implementing new measures starting from 1st November 2023, aiming to address inflated prices in the real estate and used car markets.
- The recent legal amendments stipulate that properties and used cars must be marketed solely through the actual personal details of advertisers. This initiative seeks to counteract fictitious advertisements causing price fluctuations.
- The advertiser must either be the owner of the property or vehicle being offered for sale, or possess an official power of attorney from the owner to market and complete the sales process.
- Non-compliance will result in financial penalties ranging from 10,000 Turkish Lira up to 100,000 Turkish Lira.
Related Articles
Residence Permits in Dubai Through Real Estate Investment: Everything You Need to Know
Dubai continues to be one of the most attractive destinations globally for real-estate investment — not only because of its world-class infrastructure and tax-friendly environment, but also because foreign investors can secure residence permits via property ownership. This article outlines the two main investment-linked residence routes in Dubai, details their requirements, explains how each works and highlights recent regulatory enhancements from the UAE government.
Dubai 2040 Urban Master Plan: A Vision That Will Reshape Real Estate Markets
Dubai has long been synonymous with bold urban planning, iconic architecture, and aggressive growth. The unveiling of Dubai’s 2040 Urban Master Plan marks its latest leap into long-term thinking, combining sustainability, smart infrastructure, and population management into a two-decade roadmap. As real estate stakeholders—investors, developers, homebuyers—seek to align with future trends, the 2040 plan offers both opportunity and risk.
In this article, we’ll explore:
- What the Dubai 2040 plan broadly entails
- Key mechanisms by which it can influence real estate supply, demand, and pricing
- Projected effects on ROI across residential, commercial, and mixed-use sectors
- Strategic considerations and warnings for investors
- How to position yourself now to benefit
Why Al Marjan Island Is the Middle East’s Most Promising Real Estate Investment Opportunity
Al Marjan Island, located in the Emirate of Ras Al Khaimah, is rapidly becoming one of the UAE’s most talked-about investment hotspots. With the launch of Wynn Al Marjan Island — the first legal casino resort in the Middle East — and limited remaining land for future development, investors are eyeing this prime location as a once-in-a-generation opportunity.
Comments (0)
You need to be logged in to comment