Euro rates
  • USD/RUB111.3655
  • GBP/RUB136.6409
  • TRY/RUB6.4095
  • EUR/RUB117.201
Alanya
+19°C
1019apartments on site

Real estate in Turkey rises in price at a record pace

  • 27.10.2021
  • 851
  • 0
  • 0
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.

Read also
  • Russians buy record number of real estate in Turkey
    Over the past three months, citizens of the Russian Federation have purchased hundreds of residential properties in the Republic of Turkey. The leading Iranians and Iraqis now rank second and third. This trend began to develop in early March. This is associated with military actions in Ukraine. In...
    02.06.2022
  • Turkey plans to sell 7.5 billion housing to foreigners
    The country expects that the total volume of housing sold will be equal to 7,500,000,000 US dollars this year. Hakan Bukak, a board member of the International Association for the Promotion of Real Estate (GIGDER) in Turkey, informs that the state is in demand among residents of 80 countries...
    21.10.2021
  • Antalya attracts real estate investors through social facilities development
    Among the citizens of Russia, Antalya occupies a leading position not only as a region for seasonal recreation but also as a location for profitable investments. The authorities are keen to maintain interest in the province, with 12 public schools announced this month, including kindergartens. This...
    11.10.2021
Free consultation

Schedule a consultation with our real estate experts

Vildan van Welsen
Sales representative