Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Turkey Tax Draft Seen Raising Home Prices 17%, Vatan Reports

May 16 (Bloomberg) -- A Turkish draft law to extend a value-added tax on large homes to smaller ones might increase housing prices in the country by 17 percent, Vatan newspaper reported.

The draft foresees extending the tax of as much as 18 percent to homes smaller than 150 square meters (1,615 square feet), the newspaper said, citing unidentified Treasury officials. The Treasury is preparing to send the draft to parliament for approval, Vatan said.

The existing tax was designed as a levy on luxury home purchases and was based on size, while the draft law takes into account the proliferation of luxury-home projects with units below the size threshhold, Vatan said.

The tax would range from 10 percent to 18 percent, depending on a home’s location, the newspaper said.

To contact the reporter on this story: Benjamin Harvey in Istanbul at

To contact the editor responsible for this story: Gavin Serkin at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.