What is the reason for the change in real estate prices in Turkey
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It is known that the number of investors who choose the Turkish real estate market is large and very attractive, and it is also known that one of the most important reasons that push all these investors to buy a property in Turkey is the great attraction and temptation offered by real estate prices in Turkey thanks to its remarkable decrease compared to The prices of other foreign real estate, despite their distinctive specifications, but it was noticed in the recent period that there is a rise in real estate prices in Turkey, so what is the reason for this rise in the prices of real estate in Turkey?
First: The reasons for the rise in real estate prices in Turkey today:
Various statistics and reports in the recent period show that the real estate market in Turkey and investments in it have a promising future. In addition, the reports of the Turkish Statistics Authority show an increase in the costs of establishing real estate in Turkey, as the cost of building a house in Turkey has increased compared to last year and But this was already within expectations, whether for this stage or the next stage, especially in the midst of the polarization of a significant group of foreign investors wishing to buy property in Turkey. In addition, it is mentioned that there is some delay in the absorption of supply by demand in the number of new homes. Which are being created less compared to the required and the number of new investors coming to the real estate market in Turkey, which positively affects real estate prices in Turkey, which is witnessing a steady rise in the coming days, which in turn means the ability of investors to achieve more financial profits due to the high value of the property. Real estate in Turkey quickly during the next stage.
Secondly: Real estate prices in Turkey are rising due to the increase in sales:
The increase in the influx of new investors, especially foreigners, to the real estate market in Turkey has contributed significantly to the increase in the demand for real estate in Turkey, and since the rate of real estate construction in Turkey is still somewhat low due to the high cost of construction and reconstruction compared to previous flags, this has led This is due to a noticeable increase in the value of these properties, as the opportunity to buy property in Turkey has become missed during this golden period in which real estate prices in Turkey are still considered cheap and a good number of investors can afford the cost of buying it a cause for regret in the near future because of the promising future that it holds Real estate prices in Turkey, as they will gradually start to rise more than they are now, and this increase is not insignificant, and according to some real estate experts in Turkey, the coming period, which is expected to start from September of the year two thousand and twenty one, i.e. The current year is the period that will witness the real increase in real estate prices in Turkey.
Third: Statistics of the increase in real estate prices in Turkey:
Successive statistics regarding the real estate market in Turkey continue to show a continuous development in the real estate investment sector in Istanbul and the rest of the Turkish period. And twenty-one, with a zero point and thirty-four percent, compared to February of the previous year.
And this real estate price index in Turkey shows an increase of up to ninety-nine percent over its counterpart in the past year, in addition to that this index has achieved an increase of one hundred and five percent for the first month in which it was studied, which is the month of January December of the year two thousand and ten AD
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Editing by Ramzy Real Estate Team ©
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