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....
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...
A "taahhütname," best translated as a letter of undertaking, is a legal document used to demonstrate your intent to perform a specific action to Turkish officials. Derived from the Arabic word "taahhüt" (meaning declaration, undertaking, or commitment) and "name" (meaning letter), this document outlines your commitment to fulfill certain obligations or remedy any wrongdoings. The contents vary depending...
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...
The short-term home rental trend continues to rise because short-term can provide greater income than long-term. So much so that the number of people looking for real estate just for this investment has increased. According to Forbes, short-term rentals yield 30% more profit than long-term rentals, as the daily pricing system is more flexible than the monthly rental fee. Additionally, in short-term...
Compare listings
Compare
