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When Corona ends in Turkey, real estate prices will break records

When Corona ends in Turkey, real estate prices will break records

Learn about the positive impact of Corona in Turkey on real estate

 

While the economies and investments in the world are still negatively affected with the continuous spread of the virus, the real estate sector due to Corona in Turkey has received its share of the contraction resulting from the lack of demand compared to what it was previously, as the suspension of air traffic between countries of the world led to a significant decrease in Demand for housing and real estate in Turkey, and in light of this, investors have become many questions regarding this topic:

Will there be a rise in real estate prices?

Will the rents increase?

Is it the right time to buy a property?

What is the way to buy real estate remotely?

The impact of Corona in Turkey on real estate prices:

The high prices of building materials and expectations of the heavy demand for real estate purchases in Turkey when the crisis has evaporated will inevitably lead to a noticeable rise in prices, and commenting on this topic, the General Manager of "Altın Emlak" Mustafa Hakan Uzlimakli said: With the sponsorship of the Corona virus in Turkey, real estate prices and rents will fly !

Adding that after the large increases in the value of the dollar against the Turkish lira, real estate investment will become at the present time a very distinct opportunity and a milestone in the path of a successful investor, and that Corona in Turkey, upon its completion, will lead to an increase in demand for real estate in general and used real estate in particular, because it will be available at lower prices. It will see a surge in demand.

Why will real estate prices increase when Corona ends in Turkey?

According to the reports issued by the Turkish “TURKSTAT” Foundation, after the recession in the current period, the real estate sector will be very popular when Corona ends in Turkey, and this is one of the reasons that will lead to raising the prices of real estate in residential complexes and regular buildings alike.

Especially since the construction companies at the present time are offering big discounts of up to 30% of the property's value when buying remotely, with the aim of encouraging investors and stimulating movement despite the current situation.

 

On the other hand, the huge collapse in the economies of major countries such as China, Italy and others will lead to a huge increase in the prices of materials imported for construction in the coming periods, and thus to an increase in the cost of construction.

 

When Corona ends in Turkey, will there be new incentives?

Upon the end of the Corona crisis in Turkey, the Turkish government, as usual, is expected to provide new incentives and similar facilities to facilitate citizenship for foreign investors, with the aim of stimulating real estate movement and returning it to its usual activity as it was previously.

This will lead to an increase in housing and real estate demand, and thus real estate prices will rise again.

Who benefits from the high real estate prices in Turkey?

The beneficiaries in the first place are the investors who acquired real estate before the Corona crisis in Turkey, especially those who chose under construction projects to invest in. Of course, the value of homes in these projects will increase by a large percentage upon delivery.

And due to the current conditions and the rise that real estate will achieve upon the end of Corona in Turkey, the percentage of profits that the investor can achieve from these properties will be greater than expected!

How can I benefit from the Corona crisis in Turkey?

-The opportunity is now available and it may not be repeated again, and investors wishing to seize it can simply realize their real estate dreams, so you are interested in real estate ownership in Turkey and you think that the current circumstances may prevent you from that? We can say here that a successful investor seizes opportunities and we give our clients the opportunity to own in Turkey, without coming to it.

- We invite you to our virtual tour to see Istanbul real estate ... to see the property as if you were walking around in it

- And if you are interested in obtaining Turkish citizenship, our consultants will prepare all the necessary documents and follow the procedures step by step until you receive the title deed and your Turkish passport wherever you reside.

-An agency from you to Ramzy Real Estate is guaranteed to start legal and safe ownership procedures

- Seize the opportunity now and take advantage of exclusive discounts of up to 30%

 

And always remember that Ramzy Real Estate is your safe advisor in the real estate world

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.

 

Editing by Ramzy Real Estate Team ©

 

related articles :
Investing in Istanbul ... All you need to know !! 
Obtaining Turkish Citizenship by Owning a Property
The Turkish real estate market 
Three Questions before buying a property in Turkey
Buying Real Estate Online in Turkey

 

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