Will the forecasts for rising property prices in Turkey in 2025 come true? Understanding the factors of influence
The Turkish real estate market is attracting the attention of investors and buyers from all over the world, and forecasts for 2025 promise another price surge.
Many predict a significant increase in the cost of residential properties. But how justified are these forecasts? Let's figure out what factors underlie these expectations.
Key factors affecting cost
1. High inflation and the search for reliable investments:
The official inflation in Turkey is 45%. In the conditions of such high inflation, the lira is rapidly losing its purchasing power. In such circumstances, real estate is one of the most reliable ways to preserve and increase savings. High demand, caused by the desire to protect capital from depreciation, inevitably leads to price increases. This is perhaps one of the most significant factors influencing market forecasts.
2. Global instability and the attractiveness of Turkey:
Despite global economic turmoil, the Turkish real estate market demonstrates stability and even growth. The country is attractively distinguished by relatively affordable prices (compared to other European countries), a mild climate, developed tourist infrastructure and a hospitable atmosphere. This makes Turkey attractive both for tourists wishing to purchase real estate for vacation, and for climate migrants considering moving to a permanent place of residence. This stable and growing demand keeps prices high.
3. Population growth and limited land supply:
Turkey's population exceeds 91 million people, and the annual growth rate is 1.7%. This means that demand for housing is constantly growing. However, the situation is complicated by the country's geographical features. Most popular resort areas are characterized by mountainous terrain, which significantly limits the possibilities for development and urban expansion. Limited land supply, combined with a growing population, inevitably leads to an increase in the cost of land and, as a result, real estate.
4. Forecasts for 2025: expectations and risks:
Experts expect real estate prices in Turkey to increase in foreign currency in 2025 by at least 10% in the segment of high-rise buildings and by 20% in the segment of low-rise buildings. However, certain risks must be taken into account. Although current factors indicate the likelihood of price growth, global economic changes, unexpected political events or adjustments to Turkey's domestic economic policy may affect the forecast.
Recommendations
Forecasts indicate favorable prospects for investing in real estate in Turkey. However, before making a purchase decision, it is necessary to conduct a thorough market analysis, assess your financial capabilities and seek help from professionals.
Mercury Group offers services for selecting real estate in Turkey taking into account individual needs and budget, which will allow you to make a profitable and informed investment decision. Do not put off the purchase for later, because the sooner you invest, the greater the likelihood of getting the maximum profit. Contact the experts - your future is in good hands.