High Results For Real Estate Market in Turkey According to Reidin 2020

The real estate sector is considered one of the most thriving sectors in the Turkish economy, and many investors and those interested are searching for the reasons for the progress of the real estate market in Turkey, as Turkey has witnessed continuous economic growth over recent years, and this in turn means that this increase in growth has a noticeable impact on the Turkish real estate market and in this article, we will talk about some of the reasons that explain this development in the real estate sector in Turkey, which you will find to benefit.

What is Business Confidence and price Index?

it is a leading indicator of future developments in any country, it built from the opinions taken during regular surveys asking about progress in all kind of production, sales, and stocks of finished goods in the manufacturing sector.
It can be employed to monitor the growth in production and try to forecast future turns in the economic situation.

About real estate confidence and price index In Turkey, it covers the indicators constructed for monitoring price movements in the Turkish housing market because it aims to measure the expectation of business conditions for the upcoming months, and takes the average of trading, and profitability of the real estate market in general.

Real Estate Confidence index, and Price Index results for 2019-2020:

According to REIDIN Turkey which is the leading real estate information company focusing on emerging markets, it strives to provide useful information, high-end real estate analysis, and research support for real Estate Developer, Banks, Mortgage and Insurance Companies, and others…

REIDIN Turkey Real Estate Confidence Index is calculated using the “Balance Method” which is a calculating method for numerical difference of percentage distribution of positive and negative answers regarding to their surveys.

According to their calculation, the results for Real Estate Confidence Index were:

- 2019 first quarter has been measured as 65.0

- 2019 second quarter has been measured as 81.4

- 2019 third quarter has been measured as 88.0

- 2019 fourth quarter has been measured as 104.1

- 2020 first quarter has been measured as 103.8


According to their calculation, the results for Price index were:

- 2019 first quarter has been measured as 76.0

- 2019 second quarter has been measured 84.3

- 2019 third quarter has been measured 95.6

- 2019 fourth quarter has been measured 110.6

- 2020 first quarter has been measured 126.8


the index indicates an optimistic outlook when it is above 100 which means that the profit in real estate market in turkey will rise in 2020.
in addition to feature of taking the Turkish citizenship through buying a property, and it is an additional incentive made many foreign investors to buy real estates in turkey.

Reasons for the demand for the Turkish real estate market

Learn through the following paragraphs the reasons why there is a demand for real estate in Turkey.

1- Population growth and economic development

Population growth, economic development and urbanization are among the main factors that help advance the real estate market in Turkey, as the country is witnessing rapid population growth, which leads to an increasing need for housing and housing units, and the economic development taking place in Turkey contributes to attracting more investments and construction projects in the country and in addition, the improvement of urbanization in Turkey and the improvement of government services are working to make it a suitable environment for investment in real estate and therefore, many foreign investors and buyers are keen to invest in Turkish real estate due to the favorable factors that characterize the real estate market in Turkey.

2- The second most active real estate market

Today, Turkey tops the list of the strongest and second most active construction market in the world as this is due to the high demand for real estate and construction projects, and the availability of many promising investment opportunities for investors and the Turkish real estate market has witnessed continuous growth in recent years, and this enhances the interest of investors to invest in this sector as this rapid growth in construction and real estate development is the result of strong components and infrastructure, which are designed to meet the requirements of increasing demand for real estate.

3- Real estate diversity in Turkey

Due to the very high demand for commercial and residential real estate, a number of real estate companies in Turkey are working to provide suitable offers to potential customers as the Turkish real estate market is distinguished by providing potential value to customers, as good prices and distinguished services are offered to make the process more streamlined and easy, and by presenting suitable and very attractive offers, customers are encouraged to buy, which makes any investor able to take advantage of real estate investment opportunities.

4- An increase in real estate prices in the future

It witnessed a remarkable rise in real estate prices in recent years, primarily due to population growth and economic development, which increased the demand for real estate as Turkey also plays a prominent role in real estate investment at the global level.

Although prices did not witness a significant increase in foreign currencies, they increased significantly in the local currency and in addition, the appropriate offers of real estate prices in the Turkish market and the strong infrastructure and components motivated the investment owners to carry out large-scale transactions.

5 - Strong infrastructure in Turkey

The Turkish government invests huge sums in the construction of major projects and extends Turkey's strong infrastructure to include a group of important facilities and installations such as roads, bridges, railway stations and airports that connect the country to the world, and with the rise of government interests and private organizations to develop this infrastructure as Turkey provides a safe and encouraging investment environment, which makes investing in Turkish real estate an attractive option for investors and buyers around the world.

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 Turkeyis only a way to gain Turkish citizenshiporreal estate residencepermit that allows you to stay in the country legally and then acquire many of the privileges that a Turkish citizen gets.