A RISE IN PROPERTY ANNOUNCEMENTS IS OBSERVED AFTER NOVEMBER 1 ELECTIONS | Property in Turkey
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Property in Turkey

A RISE IN PROPERTY ANNOUNCEMENTS IS OBSERVED AFTER NOVEMBER 1 ELECTIONS

Posted by Property In Turkey on 19 December 2015
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According to the recent data, there has been a massive increase in the property announcements and a great recovery in the real estate sector is seen after the elections.

As proposed right after the elections, the acceleration has started to go up in the property sector that is the vital point of the economy. The specialists expect a massive increase in sales until the end of the year which means that more and more people are expected to buy property in Turkey.

When the last 15 days of October and November are compared, it is observed that the number of the announcements throughout Turkey has increased 55%. When it is looked on the basis of the category, it can be seen that property for sale announcements have increased 70%, property for rent announcements have increased 34% and the other rises for office for sale is 49%, office for rent is 40% and land for sale is 61%.

It was an expectancy for the sector to rally and the investments to speed up in fact and this expectancy has been verified with the recent data.

The investments that got stand-by position with the election carried out on June 2015 have started to be realized swiftly with the termination of the political uncertainty. The sector that is the biggest power of the economy has pressed the starter once again. The investments are taking the action again and the investors having postponed the property purchase are buying property in Turkey. An acceleration is expected in the last two monts of the year in terms of property purchase and a record sales process might be experienced.

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