Alarm in the Real Estate Market After the Istanbul Earthquake! A Clear Message from the Ministry

Quick Intervention from the Ministry of Commerce: Strict Monitoring of Real Estate Prices has Started! Following the earthquake that occurred in Istanbul the other day, a statement was received from the Ministry of Commerce that drew attention to the price increases observed in the real estate sector. The Ministry announced that unjustified price increases will definitely not be tolerated during extraordinary periods affecting the society. Deputy Minister of Commerce Mahmut Gürcan, in a statement on the subject, stated that the real estate for sale and rental ads that increase prices through advertising platforms are closely monitored, "The importance of social solidarity in extraordinary periods such as earthquakes is greater than ever. No opportunistic attitude and behavior aimed at taking advantage of the difficult situation of our citizens will be tolerated." he used his expressions. The Ministry announced that inspections have been tightened on real estates where price mobility has been detected with the data obtained from advertising platforms, and administrative sanctions will be resolutely applied to individuals and institutions determined to have made unfair price increases. Call to the Sector from CEESS Global: Honesty is Essential As an institution that prioritizes transparency, trust and ethical principles in the real estate sector, CEESS Global family invites all our colleagues and stakeholders to act more carefully and with a sense of social responsibility in price determination processes during this sensitive period. Without forgetting that every step that will be taken during disaster periods such as earthquakes can have a great impact on the conscience of the society and the reputation of the institution, it should be our top priority to take a human-oriented, responsible and ethical stance. The Message From the Ministry Is Clear: "It is unacceptable to profit from a citizen's difficult moment, not only legally but also conscientiously. All necessary administrative sanctions will be applied without delay.”

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