Turkey, noting significant progress with its developing economy in recent years, investments in construction and real estate sectors, is becoming a center of attraction for institutional and individual investors. In this process, the country offers significant opportunities to foreign investors who need to master local dynamics to make successful investment decisions. As Trem Global team, we are closely following developments in order to provide support to investors in real estate acquisition and investment issues, which are highly dependent on internal and external factors and have unique problems, with our experienced and industry-dominated staff. In order to meet the needs of our customers in Turkey, and to help them achieve successful results in investment decisions we present Real Estate Acquisition and Investment Guide in Turkey to the investors, where we provide sector-specific knowledge. The information in this guide is general, not social, tax or legal advice.
The rent value of the rented goods and rights cannot be lower than the equivalent rent value. The equivalent rent value of the goods and rights that are left free of charge to others is considered as the rent of these goods and rights. The precedent rent in the building and land is 5% of the tax value determined in accordance with the Tax Procedure Law, if the appraised or determined rent by the competent private authorities or the courts is not available, and if the appraised or determined rent is not available. Precedent rent in other goods and rights; 10% of the cost value of these goods and rights, if this price is not known, is taken as a basis.