Turkish Real Estate Sector Expects a Jump in 2022
Turkey's real estate sector has always stood out in the world with its dynamism and opportunities. The quality of the properties and the advantageous investment opportunities have always kept the country's real estate market alive. Foreigners' interest in real estate in Turkey contributes significantly to investors and the country's economy. Increasing foreign investments, especially in recent years, enabled the sector to develop to a large extent. This success of the market will continue in 2022.
Thanks to the movement in the exchange rate, the interest of foreigners in real estate in Turkey has increased to a great extent. Applications made by foreigners to real estate companies showed a considerable increase last year thanks to the exchange rate. This increase will continue in the next year.
Foreign investor interest in residences in Turkey has always been high; however, it has increased tremendously in the last year due to the economic process. In addition to housing, commercial properties have also started to attract tremendous attention. Commercial properties, one of the most profitable real estate types, attract investors from many countries. Commercial properties located in advantageous locations of the country bring great income to their investors. Especially commercial properties located at strategic points of cities are frequently preferred thanks to their nurturing business environment and advantageous locations. The demand for commercial properties in Turkey by investors from Bangladesh and Pakistan is quite high. From the end of 2021, this demand will translate into commercial investments.
Housing sales in the country are expected to increase in 2022 because housing loan interest rates have been reduced. Therefore, a more active and lively real estate market awaits Turkey in the new year.
If you are considering making a real estate investment, it would be beneficial to know the regions that will gain the most value in 2022. While Istanbul maintains its charm on a provincial basis, provinces such as Çanakkale, which will soon have a new Bosphorus bridge, will also experience progress in valuation. Thanks to the government's efforts to increase exports and production, cities such as Kocaeli, Bursa, Yalova, and Tekirdağ, where new organized industrial zones will be established, will also come to the fore in the next year's value increase. In Istanbul, districts such as Beykoz, Çekmeköy, Silivri, Başakşehir will be the districts that will be appreciated by seeing more demand.