A new regulation has been introduced for the sale of second-hand vehicles and real estate

A new regulation has been introduced for the sale of second-hand vehicles and real estate. From now on, individuals will not be able to place advertisements for vehicles and real estate that do not belong to themselves or to first- or second-degree relatives. Administrative fines ranging from 10,000 TL to 100,000 TL will be imposed on those who violate the regulations.

The Ministry of Trade has released a statement regarding the changes made to the said regulations, stating the following: In recent times, it has been observed that citizens have been victimized in real estate and second-hand motor vehicle trade through misleading advertisements, price inflation, and deceptive listings on advertisement platforms. With the increasing number of complaints about these unethical and misleading practices, and in order to eliminate such practices and prevent further victimization, it has become necessary to make amendments to the Regulation on Real Estate Trade and the Regulation on the Trade of Second-Hand Motor Vehicles. Through these changes, the aim is to prevent fake advertisements that can lead to consumer victimization, curb speculative price increases, and address both advertisement pollution and information distortion in listings on electronic advertisement platforms.

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