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REAL ESTATE DEMAND IS BEGINING TO EXCEED SUPPLY IN TURKEY

  • 07.09.2021
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REAL ESTATE DEMAND IS BEGINING TO EXCEED SUPPLY IN TURKEY According to the Kurdish news agency Rudaw, Istanbul was the first to face a housing crisis. It is the largest city in the country, where real estate is most in demand. The upcoming changes are evidenced by the increase in rent, which has almost doubled compared to the same period last year. Local authorities note that the number of those wishing to purchase housing is also growing, but potential buyers cannot find offers that satisfy them. The reasons for what is happening are called the increase in the dollar exchange rate and the cost of building materials, which pushes to invest in real estate. It is highly likely that the current situation may affect other popular territories of the region, including Antalya and Alanya.
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