Real EstateTurkiye

Turkish Housing Market: Prices Drop, Reviving Activity

With the regulations in the housing sector, both new and second-hand houses saw real prices. The sector became more active with the increase in demand. So what is the latest situation in the market? What are the expectations for prices?

The decline in housing prices continues.

The regulations implemented have shown their impact.

Real prices started to appear in the market. Increasing demand also stimulated the market.

Hakan Akcam, President of the Ankara Chamber of All Realtors, said about housing prices: “The bubble increase, which we call a bubble, has reached a stable level. Real buyers have started to buy real estate and houses based on real figures. We think that this process will be more relaxed.”

“Housing sales increased in March”

Akcam expects the market to become more active as the weather warms up.

“Private companies created their own campaigns. This stirred up the stagnation. As of March, sales increased. Gradually, we will see this increase, too.”

Source: Trthaber / Prepared by Irem Yildiz

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