Housing prices fell and the market became more active. Attractive offers are also offered to consumers through campaigns. The direction of prices with the new year is a matter of curiosity. What are the expectations for the housing market in 2024?
The bubble in housing prices has faded. Prices started to return to normal. Buyers mobilized the market.
The market started to revive again with the decrease in housing prices and new campaigns. So, will the decline in prices continue with the new year?
“The first 6 months of 2023 will follow this course and the decline will continue.”
Hakan Akcam, President of Ankara Professional Chamber of Real Estate Agents, said that they predict that housing prices will continue to follow this trend and even decrease by 1-2 points in the first half of the new year.
Akcam stated that there has been a decrease in rents for the last month and said, “It will continue in this course in 2024. It will remain stable again after the students leave, such as May and June. We believe that there will be movement when the schools open during the appointment period, such as September and October.”
All eyes are on the new loan package
All eyes are on the new loan package to be announced…
Akcam emphasized that some of the citizens are waiting for this loan package and said, “They declared that they will open a loan to the citizens who buy their first home for 1.20 to 180 months. This will be implemented soon.”
It is expected that suitable loans will be put into effect with the new study. It is anticipated that this situation will further stimulate the market.
Source: Trthaber / Prepared by Irem Yildiz