The latest report by BestBrokers.com has revealed the ranking of the most affordable countries to buy a home worldwide. According to the report, Turkey is ranked second to last in terms of housing affordability. How Long Does It Take to Buy a Home in Turkey? In Turkey, an average family needs to save 631 months' worth of salary, which equates to approximately 52.5 years, to afford a house. This places...
Investing in real estate and earning rental income is a common way to generate passive income in Turkey. However, many property owners may not be fully aware of the tax obligations associated with rental income. The Turkish tax system allows for an exemption on rental income up to a certain threshold, helping landlords reduce their tax burden. What Is the Rental Income Tax Exemption? The rental income...
Buying a home in Turkey is now easier than ever! Thanks to the new regulations, home loans can be processed online without the need to visit a bank branch. This innovation will save time for property buyers and speed up the home purchasing process. What Does the New Regulation Cover? No More Physical Branch Visits: Banks will offer digital home loans, allowing electronic signatures instead of...
The President of the Facility Managers Confederation (TESKON), Yahya Sağır, has highlighted important considerations regarding financial contributions and responsibilities of both tenants and property owners. Distinction Between Investment Costs and Maintenance Fees One of the most important aspects of property management is distinguishing capital investments from operational costs. According to...
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