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15.11.2023

Great news for homebuyers in Turkey! The cost of secondary housing is dropping, with discounts of up to 20% in some regions

Here's why:

 

1. September Sales Decline: In September, home sales saw a 16% decrease compared to August.


2. Shift in Investment Preferences: Locals in Turkey are exploring other investment options, diverting attention from real estate.


3. Buyer Caution: Prospective buyers are holding off, anticipating further price reductions.


4. Owner Strategy: Some property owners, unable to sell at their desired prices, are offering discounts to avoid potential risks if prices continue to fall.

 

For example, according to the Gercekgundem portal, a property worth 4.25 million TL dropped by 0.26 million TL in just three days.

Discounts vary by region, with some apartments originally priced at 3 million TL selling for as low as 2.5 million TL.

If you're on the lookout for a great deal, now is the perfect time to explore discounted homes in Turkey.

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