Turkey’s new mansion tax for properties above TRY 5m has been
widely anticipated by the market, following its delayed
implementation. We were interested in analysing its likely impact on
transaction volumes and prices, especially in light of the very brisk
increase in house prices within the villa and detached houses segment
since the outbreak of COVID-19 in March 2020. We survey a number of leading real estate agents on their expectations.
Property investment in UK’s capital have lost some of their shine over the past few years as prices fell markedly following a long period of strong returns. The Covid-19 outbreak in the second quarter of 2020 has further stifled investor sentiment, with high levels of uncertainty about the economy becoming the new normal.