Located in Central Europe, Hungary has been a member of the European Union since 2004 and offers a residence permit through real estate investment. As of 2024, Hungary has introduced updates to this program, now implementing a permanent residency program called the "guest investor residency." How to Obtain the Guest Investor Residence Permit? The "guest investor residency" program, which came into...
A new regulation for real estate ads is coming. The Ministry of Commerce announced that starting from September 15, the second phase of the Electronic Ad Verification System (EIDS) will be implemented, making verification mandatory for real estate agents on ad platforms. This regulation, known as the "verified ad" system, aims to prevent consumer issues and stop price manipulation caused by fake ads. So,...
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 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...
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...
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...
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