What is the price for renting a property in Turkey?

Rent in Euro And Dollar Period Ends in Turkey

Presidential Decree Released: Rent Period over with Dollar and Euro in Turkey

New regulations have been introduced, promising a new era for rent in Turkey. These changes could bring about a more stable and predictable rental market.

The new Presidential Decree published in Turkey canceled all foreign currency contracts. Those who have contracted with Euros and Dollars in Turkey will be renewed.

With the dollar flight in Turkey, the shops in the shopping mall, which paid the rent with the dollar, became victims. President Erdoğan took a new decision for this situation. The recent Presidential Decree published in Turkey canceled all foreign currency contracts. On the other hand, how that will be held in property and apartment rent in Turkey is still the question.

After that, residents of Turkey will trade securities and real estate, vehicle rental, and leasing, including all kinds of stakes and real estate leasing business, service, and work contracts not designated as indexed payment obligations denominated in foreign currency. The parties in TL will re-determine the agreed prices in foreign currency within 30 days.

On the other hand, some people think that the absence of a specific exchange rate would not affect rental prices in Turkey. 

The most critical question for store owners is: What will the new rent rates be?

Now, rent increases in Turkey will be automatically in the WPI-CPI ratio. The current inflation rate is about 17 percent in Turkey.

While there may be some initial concerns, we are optimistic that these regulations will not negatively affect the real estate market in Turkey.