Costa–Hawkins Rental Housing Act

Authorities are working on the establishment of special real estate investment funds that will increase home supply and help reduce property prices, Treasury and Finance Minister Mehmet Şimşek has said.

Thessaloniki is the “champion” with the largest annual decrease in the number of available properties in 2023, whether it’s for rent or for sale, in all property categories

The rent crisis, which has been affecting millions of citizens for more than two years, has become one of the priorities of the public.

Last year, a 25 percent cap on rent increases was imposed by the government, and the deadline was extended this year.

Following the extension of a 25 percent cap on rent hikes to another year, courts are struggling to handle the huge influx of lawsuits arising from disputes between landlords and tenants over rent increases and eviction.

Landlords who seek lucrative income by leasing out their properties particularly to foreigners at excessive rental prices are now facing problems as new tenants either fail to pay rents or leave the flat before the contract expires.

Within the framework of a regulation that Turkey's Environment, Urbanization and Climate Change Ministry, the Justice Ministry and the Treasury and Finance Ministry are working on to solve soaring rent prices, the production of social housing will be increased, housing costs will be reduced and new steps will be taken to enable citizens to purchase houses affordably.

As the prices of renting a flat in Turkey have exploded, leaving house-hunters and students in particular in a state of turmoil, lawyers have warned against landlords asking tenants for an interim raise even though they are entitled to a one-year raise.

The rapid increase in rental prices due to limited supply and excessive demand in the market

Businesses exempt from paying full March rent

The Finance Ministry intends to extend the suspension on rental payments for companies forced to remain closed into March. This will mostly concern enterprises in food service and tourism.