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How will the earthquake impact the value of Turkish real estate?

  • 09.03.2023
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How will the earthquake impact the value of Turkish real estate?

According to real estate experts, a disastrous earthquake in Turkey's southeast could cause a significant increase in Turkish housing prices.

Residents of Istanbul, Izmir, and Ankara will be the first to face growing costs of housing for purchase and rental. According to experts, residents of the affected areas will mass migrate to large cities.

One possible solution to this problem is to control the rental housing price and create a national map of rental rates in each of Turkey's provinces.

Remember that the value of real estate in Turkey has risen significantly as a result of higher inflation and a large influx of immigrants related to the Ukrainian conflict.

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