30.05.2025 08:01
The Ministry of Trade has made changes to the Regulation on Real Estate Trade in order to prevent exorbitant and manipulative price increases in the real estate sector. With the update to the regulation, property owners are prohibited from making price increases in online property listings that are not in line with general economic data and do not have a valid justification.
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The Ministry of Trade has updated the real estate trading regulation to prevent unjust price increases. In a statement from the ministry, it was noted that activities aimed at establishing a fair, competitive, and stable market structure in the real estate sector and preventing consumer grievances are ongoing. In this context, real estate listings on advertising platforms are closely monitored, and necessary administrative sanctions are imposed on real estate businesses found to be manipulating prices in a way that disrupts market balance.
"PRICE INCREASES WITHOUT A JUSTIFIABLE REASON ARE PROHIBITED"
In the statement from the ministry, it was stated, "At this stage, it has become necessary to amend the Regulation on Real Estate Trading to prevent exorbitant and manipulative price increases in the real estate sector, and with the amendment prepared in this direction, which will come into effect on May 30, 2025, it is prohibited for property owners to make price increases that are not in line with general economic data and are not based on a justifiable reason in real estate listings provided online; furthermore, it is clearly regulated that real estate businesses cannot mediate such listings."
"A MULTIFACETED FIGHT AGAINST OPPORTUNISM WILL BE CONDUCTED"
With this regulation, it is stated that not only real estate businesses but also the owners of the properties subject to such listings can be subjected to administrative sanctions, and this legislative change will provide a multifaceted opportunity to combat opportunism and manipulative price movements in the real estate sector. The Ministry of Trade emphasized that all necessary measures will continue to be taken to protect the interests of citizens and to establish a transparent and balanced market structure in the real estate sector.
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