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In October 2023, Turkey introduced Law No. 7464 on the Leasing of Residential Properties for Tourism Purposes and Amendments to Certain Laws, focusing on the short-term rental of residential spaces for tourism, such as through platforms like Airbnb. The Law came into force on January 1, 2024, and mandates that property owners or those holding limited property rights must secure a special permit from the Turkish Ministry of Cultur...

Overview of the 2023 Turkish Property Market A notable rise in property prices has been noticed since early 2023, with an increase of 109%. By August 2023, the average price for a home in Turkey reached about $100,316. This is a sharp increase from the end of summer 2022, when the average was $81,510, and the annual price growth was even more rapid at 203%. This growth was one of the steepest increases ever recorded by Turkey's Central Bank. Despite higher prices, the housing market in Turkey is expanding. During the first seven months of 2023, there were 1.6 milli...

Why is it a Good Idea to Visit Turkey in Winter? When people think of Turkey as a travel destination, they often imagine sandy beaches and bustling bazaars under the warm Mediterranean sun. However, Turkey has so much more to offer, especially during the winter months. While it may not be the traditional tourist season, visiting Turkey in winter can be a truly unforgettable experience. From the magical landscapes covered in snow to the vibrant festivals and ev...

Turkey has become a popular destination for renovators due to its rich history and unique architecture. With stunning scenery, a warm climate, and an affordable housing market, it is no surprise that more and more people are investing in properties to renovate and get their dream home.  Property renovation in Turkey allows buyers to add their personal touch to an already-established home. Additionally, the Turkish real estate market offers cheaper prices for renovation projects compared to other popular destinations in Europe.

Benefits of Investing in Land in Turkey When you buy a plot of land, you can expect to pay very little, especially since the average price of land is low. Would you consider purchasing vacant land as an investment, if you plan to build a house or sell it later? Owning land comes with a host of benefits that are often misunderstood. In this article, we aim to s...