The fall of Turkey’s national currency fails to keep pace with the rise in property prices

The results of 2021 have been summed up and showed stunning results:

• The share of real estate sales to foreign buyers increased by 44% compared to 2020.
• Prices rose steadily in all popular directions, from Alanya to Antalya, but Istanbul ranked first. 45% of the total number of transactions registered with non-residents were concluded here.
• Alanya surpassed Istanbul in annual price growth: 78% vs. 74%.

Analysts point out that in the unstable situation with the lyre, the value of Turkey’s real estate is growing much more intensely than the local currency is losing in price. Not to spend extra assets and start making a profit, it is most profitable to buy a house right away.