EUR
enThe 25% cap on rent increases will be lifted from July 1, 2024
December 25, 2023
During a closed meeting of representatives of the business world with the Minister of Finance and Treasury Mehmet Shimshek, the latter said that the 25% limit on rent increases, valid until July 1, 2024, will not be extended. Thus, landlords will be able to increase their rent by any amount starting from July 1 next year. The minister also said that in 2024 the system of calculating property taxes will be revised. The exact tariffs are still unknown, but the tax will depend on various factors: the square footage of the room, whether it is the only housing or not, etc.
Other articles
September 23, 2024
Türkiye increases purchases of Western LNG: new contract with TotalEnergies.
Turkey s state-owned energy company Botas has signed a new long-term contract with France s TotalEnergies for the supply of 16 cargoes of liquefied natural gas (LNG) per year. The agreement will come into force in 2027 and is designed for 10 years, providing Turkey with an additional 1.6 billion cubic meters of gas annually.
More details
September 23, 2024
TOP countries for wind power generation: Türkiye in the TOP-15.
Amid the global shift to renewable energy, countries around the world are rapidly expanding their wind power industries. According to the latest data, China holds a solid lead with an installed wind turbine capacity of 441,895 megawatts.
More details
September 2, 2024
Turkey's economic growth in the second quarter of 2024
Turkey's Federal Statistical Office reported that the country's economy grew by 2.5% in the second quarter of 2024. Significant growth was recorded in the services sector (7.4%) and construction (6.5%).
More details
September 2, 2024
Turkey's Finance Ministry to Reveal Names of Major Tax Debtors
Finance and Treasury Minister Mehmet Simsek said the names of taxpayers with tax arrears and fines of 5 million lira or more will be made public. Those who do not want to be on the list of "tax debtors" will have to pay off their debts by the end of September 2024. Taxpayers from earthquake-hit areas will be excluded from the measure.
More details