Real property law

Rents well below asking rates

The house price rally has inflated the expectations of rental property owners who are trying to maximize their monthly income. Comparing the prices asked in classified ads with those included in lease agreements, it turns out that the discrepancies are large.

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.

Exhobitant rent hikes force tenants to share rooms

Rental pressures are forcing people to switch from sharing apartments, a common practice among university students, to sharing rooms, just like in dormitories, with sometimes up to eight people struggling to accommodate in a single room.

In response to the soaring demand, in recent weeks, room-sharing listings have started to come to the fore on rental platforms online.

Foreign investors drive property boom

Property transactions are thriving, as official data show, and real estate professionals say that a great part of the growth is driven by foreign investors.

By August 10, with not quite two-thirds of the year gone, there have been 112,000 property transaction, while in the whole of 2022 139,000 sale contracts had been signed, up from about 105,000 in 2021 and 75,000 in 2020.