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Real estate in Turkey is undergoing significant changes against the backdrop of a real price decline that has continued for 8 months in a row. Experts expect this trend to continue in the future. This decline has led to a sharp increase in market activity, resulting in record sales in September, when 140,919 housing units were sold - the highest figure in the last 21 months.
According to the Central Bank of Turkey (KFE), the annual real decline in house prices was 14.7% in September. The increase in buying activity is also due to the desire of investors to take advantage of the fact that buying property in Turkey has become more affordable. Experts note that the potential rental returns, combined with long payback periods, make the housing market attractive even in conditions of economic instability.
