Exorbitant price increase detected: Penalty imposed on listing owner

The Ministry of Trade announced that an administrative fine of 100 thousand TL has been imposed on the owner of a real estate listing due to an exorbitant price increase made within a short period. Upon a citizen's complaint, the Ministry initiated an investigation and determined that the price in a residential sales listing had been increased by 1 million 250 thousand liras in a short time.

LISTING PRICE CHANGED

Ministry Press Advisor Bekir Kaplan shared the following information regarding the listing in question in a statement made on the social media platform X: "The price, which was published as 6 million 750 thousand TL on September 1, 2025, rose to 8 million TL on October 2, 2025."

PENALTY AND REMOVAL OF THE LISTING

Kaplan stated that as a result of the investigations, it was determined that the listing owner was an individual user and that the price increase was not in line with general economic data, and therefore an administrative fine of 100 thousand TL was imposed. Furthermore, the listing site was contacted and the listing in question was removed from publication.

News Source: 12punto