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Navigating the Future: A Comprehensive Forecast of the 2024 Real Estate Market in Turkey

Navigating the Future: A Comprehensive Forecast of the 2024 Real Estate Market in Turkey

As Turkey strides into 2024, its real estate market is poised for a transformative journey, shaped by economic shifts, political developments, and technological innovations. In this forecast, we dissect the intricate tapestry of factors influencing the sector, offering a glimpse into potential challenges, emerging trends, and strategic opportunities. From the impact of government policies on housing to the role of PropTech in reshaping property transactions, this article aims to equip investors, developers, and homebuyers with the insights needed to navigate the dynamic landscape of Turkey’s real estate market in the coming year.

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Homist Exclusive Report

Türkiye Housing Market Analysis 2022 – Full Report

TÜRKİYE HOUSING MARKET REPORT 2022

Here you can find summery of what has happened in Turkey’s real estate market in 2022.

In 2022 number of transactions was very similar to same of previous year with 1,485,622 registered units, foreign investors accounts for only 4% of total house sales in Türkiye.

Istanbul has the highest number of sales with 259,654 units (17% share of total sales), Ankara with 126,166 units, Izmir with 83,502 units and Antalya with 80,459 units are the next highest volume of sales in properties among other Turkish cities.

There is significant increase in number of house sales for international investors in 2022, which is the highest in last 10 years with15% increase compared to same duration in 2021.

Russian nationals are standing on the top of list with purchasing 16,312 units in 2022 which has 200% increase compared to 2021, Iranians stand in second place with 8,223 units that has been decreased 20% compared to 2021. Iraq with 6,241 as third biggest buyers and Germany, Kazakhstan and Ukraine are next countries invested in Turkey in 2022.

For more detailed report please check following link:
https://bit.ly/3w7L9ZJ

HOMIST provides professional market analysis for property market which may lead you to make proper decisions for your investment.

* Please note this report has been generated based on our own analysis for personal use. For more detailed analysis and consultancy please contact with Homist agents, before investing in Turkey’s market.

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