Finance scrutinized the price increase in housing

ANKARA (WORLD) The Ministry of Treasury and Finance has started a study on the extraordinary price increases in the real estate sector.

In the statement made by the Ministry, it was stated that the Risk Analysis General Directorate of the Ministry of Treasury and Finance continues to work within the scope of effective fight against the informal economy, and the factors that cause the price increase in the real estate sector are examined one by one.

Minister Nureddin Nebati stated that financial, financial, title deed and real estate advertisement site data were examined and analysis and evaluation studies were carried out with determination.

Nebati said, “We are closely following the extraordinary price increases in the real estate sector, we have focused on the issue. Whatever it takes, we do, we will do.” said.

Accordingly, the factors causing price increase and inflation in the real estate sector will be determined through real estate advertisement sites. Individuals and companies that disrupt the supply-demand balance by artificial price increases, cause inflation, affect the market negatively, and do not correctly declare their income from house sales are identified. Information is sent to the relevant institutions in order to initiate the necessary action against real and legal persons who create an inflationary environment and do not fulfill their tax obligations.

According to the statement, as a result of the risk analysis carried out for real estate agents operating in the real estate sector and giving real estate advertisements throughout the country, field audits were also started as a result of the determinations made.

Individuals and companies that create speculation in the real estate market, exclude their income from house sales or make incomplete declarations, and fail to fulfill their tax obligations, especially title deed fees, were also identified.

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