Real EstateTurkiye

Turkish Real Estate Market in the First Quarter of 2024: Expectations and Realities

In the first quarter of 2024, the real estate market is shaped under the influence of many factors and professionals in the sector, investors and buyers are faced with important expectations and realities. In this period, factors such as post-pandemic transformation, economic fluctuations, technological advances and demographic changes play a major role in determining the direction of the market.


  1. Slowdown in Price Increase

Following the rapid price increases observed in many regions in 2023, price increases in the real estate market are expected to slow down in the first quarter of 2024. This slowdown may be due to rising interest rates and limitations on buyers’ purchasing power. However, this may create buying opportunities for some segments of the market.

  1. Strengthening the Rental Market

The rising cost of owning a home may increase demand for the rental housing market. This could lead to an increase in the prices and occupancy rates of rental properties, especially in metropolitan areas.

  1. Increasing Role of Technology

The role of technological innovations such as virtual tours, artificial intelligence-supported pricing models and blockchain-based title deed transactions will continue to increase in the real estate market. This can both speed up trading processes and increase market transparency.


  1. Market Dynamics

In the first quarter of 2024, low housing stock and high demand stand out among the main dynamics affecting the real estate market. This causes housing prices to still remain high, especially in popular areas.

  1. Economic Uncertainties

Economic uncertainties around the world directly affect the real estate market. In particular, inflation rates, changes in interest rates and fluctuations in the employment market stand out as important factors for buyers and investors.

  1. Local Market Differences

The real estate market may differ according to local characteristics, regardless of national trends. For this reason, investors and buyers need to carefully examine factors such as economic conditions, housing stock and demand in the region they are interested in.


Although the real estate market in the first quarter of 2024 faces many uncertainties, it continues to offer opportunities for both buyers and sellers. Following market dynamics and economic indicators closely will be the key to making a successful investment in this period. Technological developments and understanding local market conditions will pave the way for professionals and investors in the industry and enable them to make more robust predictions about the future of the market.

Source: Emlakdergisi / Prepared by Irem Yildiz

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