The global recession has cast a shadow of uncertainty over financial markets and economies worldwide. In these challenging times, it’s essential to examine how Turkey’s property market has been affected and, more importantly, how it has shown remarkable resilience. This article delves into the dynamics of the global recession and its impact on the Turkish property market.
That being said, Turkey has a large and diverse real estate market, with a significant amount of foreign investment. Despite political and economic challenges in recent years, the real estate market has remained relatively stable and continues to attract investors from around the world.
As summery of our studies we have two scenarios for real estate market:
Scenario 1: If Erdogan wins
The trends of market will continue and housing prices will probably hike during next 5 years.
Scenario 1: If Kilicdaroglu wins