Opportunists hit the button before the minimum wage hike: Rental listings withdrawn!
Before the minimum wage and pension hikes have even been announced, opportunistic landlords have taken action. It has been learned that listings are being withdrawn in preparation to be re-listed at higher prices.
12punto
Activity has begun in the rental housing market before the minimum wage and pension increases have even been announced.
While a worrying situation has emerged for tenants, it has been learned that landlords are planning to withdraw their current listings and re-list them at higher prices after the raises.
SECRET PLAN FOR RENTAL PRICE INCREASES
A real estate agent operating in Istanbul's Beylikdüzü district stated that they removed a listing for a 1+1 apartment at 17 thousand liras and plan to re-list it at 25-26 thousand liras after the raise. This situation has once again revealed the extent to which opportunism has reached.
'SALARY RAISES BENEFIT THOSE WHO OWN RENTAL PROPERTIES'
Experts state that salary increases directly affect rental prices. Pointing out that the raise benefits those who own rental properties rather than low-income earners, real estate consultants emphasize the inadequacy of inspection mechanisms.
DEFICIENCIES IN INSPECTION DRAW ATTENTION
Real estate agent Mehmet Ali Narin stated that they encounter similar situations every year and said the following:
“The Ministry tracks price changes in existing listings, but it cannot inspect the deletion and re-listing of ads at higher prices. This makes things easier for opportunists. During periods of raises, both rental and for-sale housing prices rise rapidly.”
