The General manager of EVA Real Estate Appraisal, Jansel Turgut Yazidji, reported that an average of about 1.4 million residential units are successfully implemented on the territory of the Republic of Turkey every year, recalled that the need for affordable housing in the country still exists.
There is housing for sale, as well as a sufficient choice of it; but apartments and houses are not being bought up as quickly as market players would like. Partly due to the difficulties of obtaining a housing loan on acceptable terms: largely due to the current situation with interest rates, those wishing to purchase their own housing are forced to buy it for cash or agree to all the requirements of the developer (according to the installment scheme, etc.).
Now, taking into account the sale of a little less than one and a half million residential lots per year, the average figure for the month is about 110 thousand housing units.
Recall that the price per square meter of residential real estate in Istanbul has come close to $1,500.
It was also recently reported that it was decided to postpone the conversion of unclaimed offices into apartments.