Which apartments in Turkey are more profitable to buy today, new or secondary ones? As the stats for the first eight months of 2020 shows, resale options are much more popular among buyers of Turkish real estate: secondary property sales increased by 63.3 percent, and their prices - by 15-30 percent. The estate experts explain why this is happening and what may be expected in the near future. The latest news of the Turkish real estate market in English on the Turk.Estate portal.
- A sharp rise in prices for villas, cottages and country houses has been observed in Turkey: in six months, prices have increased by 25 percent.
- The reason for the growth is that residents of large cities in Turkey began to massively move to small resort villages and towns.
- For the first time in many years, the sales of secondary housing in Turkey have far exceeded the sales of apartments in new buildings. From January to August, more than 706,000 secondary housing properties were sold in Turkey, accounting for 63.3 percent of the total sales.
Turkey's cities with the highest real estate prices (rent and sale) in 2020 have been named.