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05.06.2023

Turkish Real Estate Market: What to Expect After Erdogan's Re-election

The recent elections in Turkey have resulted in the re-election of Recep Tayyip Erdogan as President. This has led to a renewed sense of optimism among many Turks, who are hoping that Erdogan will fulfill his election promises to increase the number of housing units for sale and to control rental rates.

While it is still too early to say what impact Erdogan's policies will have on the Turkish real estate market, there are a number of factors that suggest that prices will continue to rise in the near future. These factors include:

  • The growing population of Turkey, which is expected to reach 100 million by 2050.
  • The increasing demand for housing from foreign investors, who are attracted to Turkey's low prices and its strategic location.
  • The government's commitment to investing in infrastructure and tourism, which is expected to boost economic growth and create jobs.

 

While the Turkish real estate market is undoubtedly a good investment for the long term, it is important to be aware of the risks involved in short-term investment. These risks include:

  • The possibility of a sudden drop in prices, which could occur if there is a change in government policy or if the economy takes a downturn.
  • The difficulty of finding tenants, especially if you are not familiar with the local market.
  • The high cost of maintenance and repairs, which can be a significant drain on your resources if you are not prepared for them.

 

If you are considering investing in Turkish real estate, it is important to do your research and to work with a reputable real estate agent who can help you find the right property for your needs. You should also be prepared to invest for the long term and to be patient, as it may take some time to find a tenant and to start generating income from your investment.

If you are looking for a safe and profitable investment in Turkish real estate, VELES CLUB is a great option. VELES CLUB is a reputable real estate agency that has been helping investors buy and sell property in Turkey for over 7 years. Veles Club has a team of experienced agents who can help you find the right property for your needs and who can provide you with the support you need to make a successful investment.

 

To learn more about VELES CLUB and how we can help you invest in Turkish real estate, you can contact us any way you want.

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