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...
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...
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...
Spain's Prime Minister Pedro Sanchez announced that the "Golden Visa" program, which has been in place in the country since 2013 and grants temporary or permanent residency to foreigners who purchase real estate or make investments, will be terminated. Sanchez, speaking at an event held in Seville, stated that the decision to end the Golden Visa program would be made at the regular Cabinet meeting on...
Significant changes have occurred in the shares obtained through inheritance for those with shared deeds. With the latest regulation for heirs, new rules have been established for inheritance distribution in 81 provinces, initiating a fair process. With these changes, solving the often encountered problems in inheritance distributions becomes easier, reducing disagreements among siblings and bringing...
Living by the sea is something most people dream of, and science is proving that coastal living can be beneficial for both our mental and physical health. In the 19th and 20th centuries, doctors often advised their patients to recuperate by the sea. Sea bathing was a common treatment method. Fresh and salty sea air was believed to have healing properties, so it was considered an attractive way to treat...
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