A noteworthy statement took place in today’s issue of the Official Gazette. This communiqué signed by the Revenue Administration brought a new regulation to real estate sales and rental websites. With the regulation introduced, the information on the websites will have to be reported to the Revenue Administration. The new communique is thought to be aimed at slowing the incredible upward trend in rent and house prices.
According to the Communiqué, advertisement sites will be obliged to regularly report sales and rental information. Moreover, at this point, some information will be needed from the citizen or real estate agent who placed the advertisement. The owner of the advertisement will notify the documents requested from him on the website. The Revenue Administration will also be able to request new information if needed.
The new application starts tomorrow
There is nothing among the documents requested by the Revenue Administration. In this context; Among the information to be given, details such as the addresses of the websites, the personal information of the advertisers, the collection date and information, and the bank account information will have to be reported regularly. The advertiser will be responsible for the accuracy of the information provided.
According to the information in the Official Gazette, the regulation for advertisement sites has entered into force as of today. Information about the announcements made as of June 1, 2022 will be notified until August 1, 2022. Moreover, it will be necessary to provide information for the ads that are already on the air and the ads that have been removed. The deadline for this is 31 August 2022.
Those who want to reach the relevant communiqué can use the link here.
So what exactly will this communiqué do?
As you know, both house rents and house prices for sale have been increasing with an abnormal acceleration since the first day of the pandemic. However, this increase has become unbearable, especially since the beginning of 2022. Ad sites were considered to be among the culprits of these astronomical price increases. It can be said that unfair price increases can be prevented to some extent, as the new communiqué imposes significant obligations and ‘auditability’ on both advertisement sites and advertisers.
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