Hakan Akdoğan

Landlords making excessive demands on potential tenants

High rents are not the only problem tenants looking for a new apartment have to deal with in Türkiye, as those who are lucky enough to find a house they can afford also need to meet several "tough" conditions imposed by landlords before they move in.

Property owners started to seek additional assurances from potential occupants last year as some tenants failed to pay their rents.

Weak sales force homeowners to negotiate prices

Homeowners who want to sell their properties in the market are now more willing to negotiate prices as existing home sales continue to decline.

Home sales plunged for a fifth month in a row in June. In the month, only 84,000 homes changed hands, pointing to a steep 44 percent decline from a year ago with existing home sales plunging more than 45 percent to around 58,000.

Demand for rental housing rising fast

The number of people looking for a rental house surpassed those who look for a house to buy, according to recently published data.

Figures provided by the real estate platform Emlakjet showed that in May 52 percent of those out in the real estate market are looking for a house to rent. In April, this was 50 percent.