Housing Sales Remain Stagnant, No Housing Price Changes Anticipated in the Next Six Months
Housing sales in Turkiye have been stagnant for some time, and this trend is expected to continue. According to a survey conducted with industry executives, no significant changes in prices are anticipated over the next six months. The Housing Developers and Investors Association (KONUTDER) released a study highlighting the six-month expectations in the sector.
The study incorporates the perspectives of housing developers and investors. Here are the key findings:
Production and Sales Outlook
- Production Stability: 63.6% of respondents believe that the number of housing units produced will remain stable.
- Decrease in Production: 36.4% expect a decrease in production.
- Sales Expectations: 58.1% foresee no change in sales, while 27.3% predict a decrease, and 13.6% anticipate an increase in sales.
Price and Cost Projections
- Price Stability: Half of the respondents expect housing prices to remain unchanged.
- 36.4% predict an increase in prices.
- 13.6% believe prices will decrease.
- Rising Costs: A significant 77.3% of housing producers expect costs to rise, whereas 22.7% do not foresee any changes in costs.
Credit Usage
- Despite high-interest rates, there is an expectation of increased use of credit for housing purchases. Earlier this year, only 4.5% expected an increase in credit-based sales, but this figure has surged to around 50%.
Source: NTV / Prepared by Irem Yildiz
