House price in Turkey

Turkey is a country with a long history and culture, and its geographical position is also very advantageous. It connects Europe and Asia and is an important hub connecting East and West. In recent years, with the continuous development of Turkey's economy, the real estate market has gradually warmed up. So, what are the trends and changes in housing prices in Turkey?

Turkey's housing price trend

Since 20 10, house prices in Turkey have been rising steadily. In 20 17, the price increase in Turkey reached 1 1. 1%, which was much higher than the global average. In 20 18, house prices in Turkey rose again, but the increase slowed down, with an increase of 2.9%. In 20 19, the house price in Turkey began to decline, with a decrease rate of 1.9%. This trend continued in 2020, and house prices in Turkey fell by 3.3%.

Changes in house prices in Turkey

The change of house price in Turkey is closely related to Turkey's economic development. During the period of rapid economic development in Turkey, house prices in Turkey also rose. During the period of economic fluctuation in Turkey, house prices in Turkey will fall. For example, in 20 18, the Turkish economy was in crisis, the Turkish currency depreciated, and the house prices in Turkey also showed a downward trend. In 2020, the Turkish economy was hit by the epidemic again, and the house prices in Turkey also fell again.

Future prospects

The future prospect of housing prices in Turkey is influenced by many factors. First of all, the policies of the Turkish government will have an impact on the housing prices in Turkey. For example, the Turkish government has launched a number of policies to promote the development of the real estate market in recent years, which may have a positive impact on the housing prices in Turkey. Secondly, the development of Turkey's economy will also have an impact on Turkey's housing prices. If Turkey's economy can continue to develop at a high speed, Turkey's housing prices are expected to continue to rise. However, if the Turkish economy fluctuates, Turkish house prices may fall.

How to buy real estate in Turkey

If you want to buy a Turkish property, you can follow the following steps:

1. Find a real estate agent or developer in Turkey to learn about the house price and real estate market in Turkey.

2. Choose your favorite real estate, and conduct house viewing negotiation.

3. Sign the house purchase contract and pay the down payment.

4. Go through the formalities of buying and selling Turkish real estate, including land registration, taxation, etc.

5. Pay the house price and complete the transaction.