Turkey is one of the active and interesting real estate destinations in the world, as it has witnessed a remarkable rise in real estate prices over recent years, and in light of this rapid growth, many investors and potential buyers are wondering about the expectations of real estate experts regarding the future of the Turkish real estate market and therefore, the editorial team was keen to highlight these expectations and the factors that affect real estate prices in the lands of the Republic of Turkey, all you have to do is continue reading to know more details and information.
Seasons of the year directly affect real estate prices in Turkey, and official statistics indicate that the cheapest apartment prices in Turkey can be found during the winter season.
Over the winter seasons, the demand for buying and renting real estate in Turkey decreases, which makes apartments available at more competitive prices, and this reflects the different situation in the summer and spring seasons, when these seasons witness great tourist activity, and many ask during this period about the prices of apartments in Turkey.
Thus, if you are looking for a cheap property in Turkey, the winter season provides a good opportunity to find apartments at low prices and this period can be suitable for investors seeking to get good deals and achieve a meaningful investment return, however it must be noted that prices may vary from one region to another in Turkey, and are also affected by general economic and market factors and therefore, it is important that you research and use local real estate companies to guide you and help you find the right property at the best price in Turkey.
Based on numbers and statistics, real estate prices in Turkey are expected to continue to rise in 2024 and with the passage of the centenary since the founding of the Turkish state and the continuous increase in the number of tourists coming to Turkey, the country is witnessing a gradual increase in real estate prices since the beginning of 2023, and this rise is expected to continue in 2024.
In addition, with the completion of the Turkish Century projects such as the new Istanbul Airport, Istanbul Canal and the development of the New Turkey region, the year 2024 is likely to witness a significant rise in real estate prices in Turkey and these mega projects will enhance the infrastructure and boost the economic growth in the country, which will boost the demand for real estate and lead to an increase in its prices in the near future.
Real estate prices in Turkey are expected to continue to rise in the near and medium future based on expert analyzes and past trends.
Influencing factors include the growing demand for real estate, sustainable economic growth, legislative developments and government investments in infrastructure.
Yes, there are specific areas in Turkey such as Istanbul, Antalya, Bursa and coastal cities where real estate prices are expected to rise more due to the strong demand there.
The idea of buying real estate in Turkeyhas become popular among those interested in obtaining an ideal opportunity for housing or investment and take advantage of the appropriate real estate investment options in Istanbul to obtain a high return by communicating with our real estate consultants.
Do not forget that investing in real estate in Turkey is only a way to gain Turkish citizenship orreal estate residencepermit that allows you to stay in the country legally and then acquire many of the privileges that a Turkish citizen gets.
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