The future of real estate and its prices in Türkiye within the next 3 years
The future of real estate and its prices in Türkiye within the next 3 years. Many official authorities expect real estate prices to rise in Turkey during the next three years, due to the increasing demand for real estate and the urban expansion that the country is witnessing. Therefore, in this article from Ebla Real Estate, we will talk about the future of real estate and its prices in Türkiye within the next 3 years in detail.
The future of real estate and its prices in Türkiye in the next 3 years:
Considering that there are several upcoming events with specific dates, such as the Turkish elections, in addition to the current real estate situation, we can predict the future of real estate and its price in Turkey within the next 3 years.
Undoubtedly, we rely on several prominent things, the most important of which are:
The inflation in Turkey, as prices are constantly rising, including real estate prices, which increased by more than 105% in the past year, compared to the year before.
Moreover, Elections at this time, regardless of who wins the elections, will lead to an increase in real estate prices.
Building permit files are pending between construction companies and some major municipalities such as Istanbul. Some areas suffer from a lack of permits. All of this contributed to a lack of supply in exchange for an abundance of demand, which led to an increase in the price of real estate in Turkey.
Türkiye will witness stability in terms of prices and other matters. The increase will be reduced to less than 30%. Of course, the rate of increase will decrease, not the price, which means real estate will reach a certain price in the coming period, and the increase will be the same as it was previously before the crisis in Turkey, at reasonable rates of 20% to 30% of the profits.
Thus, we talked about the future of real estate and its prices in Türkiye within the next 3 years.
Edited by: Ebla Group Real Estate
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