A selection of the most relevant events of the real estate market of the Republic of Turkey is in our traditional digest.
The topic of rent continues to be discussed. Although last week was marked by good news in this segment.
Firstly, rental rates have finally started to normalize. The first to burst the «rental bubble» in the resort of Alanya.
In the same place, in Alanya, the problem of renting for university students has been partially solved: a new women's dormitory has been opened in both. Just in time, because the rental rush has already begun in the student environment.
Nevertheless, a number of categories of citizens with low and below average incomes with current rates cannot afford rent at all: that is, none. The authorities are launching special programs for them. So, they plan to provide the maximum of those in need with their own budget residences over time. Specialized housing campaigns will take into account the interests of pensioners and the disabled, among others.
Housing prices (we mean selling) in Turkey continue to grow steadily. Despite this, the pace of real estate sales is not decreasing at all.
At the same time, analysts noticed that in three megacities at once, apartments and houses began to pay off a little longer.