Real estate in Turkey rises in price at a record pace

The end of the third quarter of 2021 saw a record increase in property values in Alanya, Antalya and other popular locations. Analysts cite figures showing an increase in prices by almost 30%. However, not everyone considers that growth was preceded by a significant decline, which reached almost 15%. Let us compare specific properties in the price segment. We can see that a studio apartment ready to move to Mahmutlar at the end of 2019 could cost buyers 28,000 euros, while in the summer, similar properties cost around 38,000 euros. In September, the price for finished housing in the same region has already reached 41,000 euros. Experts attribute the rise in prices to an increase in the value of plots for construction and an increase in the cost of purchasing building materials. The current situation will likely continue in the new year, so you should not postpone acquiring overseas property without facing even higher prices.