Real Estate

Demand for housing is expected to continue in 2023 in Turkiye

Kristal Turkiye Country President Mustafa Emrah Ozdemir said, “The real estate will be one of the safe harbors for investors in the new year, too.”

Kristal Turkiye Country President Mustafa Emrah Ozdemir stated that the house will be one of the safe harbors for the investors in the new year as well, and said, ‘Houses will continue to be in demand as a reliable investment tool, especially due to the limited investment income as a result of uncertainties and fluctuations in other investment instruments.’

Sharing his 2023 expectations for the real estate sector in his written statement, Ozdemir noted that the New Home campaign, prepared by the Ministry of Environment, Urbanization and Climate Change, and the Ministry of Treasury and Finance, will accelerate the sector and explained that significant advantages are provided to those who will buy a house for the first time.

Ozdemir said, “This campaign will strengthen our economy as well as the real estate sector. The announcement that the social housing campaign of 250 thousand houses, which took place in the past months, will be completed to 500 thousand, is also extremely important for our sector and our economy.’

Pointing out that the rate of urbanization in Turkiye is expected to rise to 84% in 2023, Ozdemir explained that in the coming period, he aims to increase the power, influence, welfare level, human capital and knowledge of all cities, to enrich their cultural life, to create global ties and to strengthen these ties, and that the cities will be in structuring and service production to meet all the needs of the citizens.

‘The real estate will be a safe harbor in the new year’

Mustafa Emrah Ozdemir stated that the real estate will be one of the reliable ports for the investor in the new year, and made the following assessments:

“Housing in real estate continues to be one of the most important investment tools in our country. In Turkiye, gold and real estate are the first and second investment instruments of investors. Gold and real estate are also seen as the most reliable investment tools. It is predicted that this strong investment tendency of households will maintain its importance in the medium and long term. Housing will continue to be in demand as a reliable investment tool, especially due to the uncertainties and fluctuations in other investment instruments and the limited investment income.’

‘Foreign investors’ interest in Turkiye will continue’

Kristal Turkiye Country President Ozdemir stated that the foreign exchange flow to Turkiye will continue to increase with real estate trade in 2023 and that the high interest of foreigners towards Turkiye will continue, and that the demand for housing and purchases are expected to increase.

Stating that significant demand is expected from Russia, Turkic Republics, Azerbaijan, Iraq, Iran, Saudi Arabia, Qatar, United Arab Emirates and other Arab countries this year, Ozdemir noted that 2023 will also be the year of the real estate industry.

Source: AA / Translated by Irem Yildiz

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