Stagnant Period in Foreign Real Estate Sales: An Analysis

The Current State of Foreign Real Estate Sales in Turkey

In March 2023, a total of 105,476 houses were sold in Turkey, representing a decrease of 21.4% compared to the same month in the previous year. Of these, 3,415 were sold to foreigners, representing a 38.7% decrease compared to the same month in the previous year. You can check the detailed report of the Foreign Real Estate Sales in here, or by visiting the official TUIK website.

The Impact of Short-Term Events

The decline in foreign real estate sales in Turkey can be attributed to several factors, including recent short-term events such as the earthquake, the upcoming elections, and the month of Ramadan. However, these factors are expected to have a temporary impact on the market. read more about it here.

Long-Term Vision for Foreign Real Estate Investments

Despite the current stagnant period in foreign real estate sales, developers who offer properties that meet the needs and preferences of foreign buyers, while also maintaining a long-term vision for their investments, are likely to see success in the long run. By taking into account factors such as location, design, and amenities, developers can position themselves for long-term success in the market.

Building Trust for Future Success

Building trust with potential buyers is crucial for success in the Turkish real estate market. This involves transparent sales practices, reliable information about the properties being sold, and a commitment to long-term success. At Prestij Consulting, we prioritize building trust with our clients and providing them with the expert services they need to succeed in the market.

Want to learn more about investing in Turkish real estate? Contact Prestij Consulting today for expert guidance and personalized advice.