Turkey's housing price rose first in the world. Why is the price increase here so high?

Turkey's housing price increase ranks first in the world, and the reasons for the high housing price increase in Turkey are:

1, the Turkish currency depreciated rapidly;

2. Turkey is a tourist city, so the house price will be higher;

3. Adjustment of interest rates of Turkish banks;

The rapid growth of population is also one of the reasons for the rise of house prices.

In 2020, house prices in many countries around the world are rising, and the increase is not small. The biggest increase in house prices is Turkey. In the fourth quarter of 2020, the price increase in Turkey reached 5.5%. The reason why housing prices in Turkey have risen so fast is actually caused by many factors, such as currency depreciation and state intervention.

First, the price increase is not as fast as the currency depreciation. In 2020, the lira depreciated by 24%. In order to resist inflation, many people will choose to invest. Buying a house is an option, because the house is a commodity, which is not easy to cause inflation and can avoid risks.

Second, as a tourist city, house prices will not be too low. There are many scenic spots in tourist cities, and there are many tourists every year. The income of residents in general tourist attractions will not be low, so there will be more people who can afford to buy a house, so there will be more people who buy a house, and the tourist city has good scenery, so many people will choose to buy a house in the tourist city to settle down or support the elderly. With the increase of housing demand, house prices will naturally not be low.

Third, the adjustment of bank interest rates has led to an increase in real estate sales. In fact, in early 2020, house prices in Turkey did not rise, and the real estate market was in a downturn. However, in order to restore the economy, Turkey lowered the loan interest rate in May 2020, which was conducive to buying houses, so many people began to buy houses, and the real estate sales soared, which also led to an increase in house prices.

Fourth, population growth, increasing demand for housing, and increasing local residents in Turkey will not only increase the number of births, but also increase the number of immigrants. Population growth will stimulate the sales of real estate. After all, with more people, the demand for houses will increase, and after the demand increases, house prices will also rise.

Verb (abbreviation of verb) concludes that there are many reasons for the rise in house prices, and there are also some special reasons for the rise in house prices in Turkey. In fact, in the final analysis, rising house prices mean that it is easier to buy a house, the demand for houses has increased, or the currency has depreciated, and so on. Turkey is no exception.