Rental auction

In leasing, it seems that homeowners and real estate agents have switched to the auction model. Nizameddin Aşa, the leader of the Istanbul Chamber of Realtors, said that if the tenants detect these situations, they should complain to the Ministry of Commerce Provincial Directorates.


It has been stated that some homeowners and real estate agents in Istanbul have started an auction-style rental system.

Landlords say to those who want to rent the house, “There is someone who offers a higher price than the price in the advertisement,” and raise the price, while renting the house to the highest bidder.

Nizameddin Aşa, the leader of the Istanbul Chamber of Realtors, said, “Although it is not very common, we also receive complaints about this issue. Landlords and some real estate agents are using this system to intensify competition amid tenants. In fact, it is applied as a bargaining method. In the free market, a bargain is made for each work. However, it is necessary to complain about individuals who misuse this situation and apply unfairly exorbitant prices.

Aşa said, “The moment there is an exorbitant price increase that victimizes the tenant, a penal application is made. Opportunism and exorbitant price penalties may apply. If it is done with bad intentions, if there is manipulation, they are punished. Those who want to rent need to identify and complain. In case of irregularities, complaints can be forwarded to the provincial directorates of the Ministry of Commerce.