Global Housing Price Increases

Global Housing Price Increases

Housing Investor Price Assessments

The real estate sector, a location of great interest globally and favored by major investors, has significantly raised its bar recently. Housing investments are the area that attracts the most interest and direction from investors in real estate. The increase in the number of houses in a short period, aided by technology, has helped many investors flock to this sector. However, according to research conducted worldwide, housing price increases are most observed in Turkey. The primary reason for this is that newly built homes are equipped with the latest technology, and people are drawn to these areas. Housing project news published on the local agenda indicates that housing prices have increased by 18.4% compared to last year. Despite the increase in housing numbers in recent years, rising housing prices in Turkey every period negatively impact investors in one way. Fluctuating price values every period cause investors to turn to different real estate assets for economic reasons. Although this increase differs from the norm in large living spaces, the living conditions are at a high level.

Price Increase Across Turkey

Housing investments, which are the most preferred by investors in the real estate field, are of greater interest to foreigners. However, the recent significant increase in price values has caused backlash from investors. The high prices of housing projects in Istanbul are due to the exclusive locations of the buildings being constructed and the high quality of the construction. In light of natural demands, housing price increases in Istanbul are progressing aggressively compared to Ankara and Izmir regions. Due to the desire of people migrating from rural to urban areas to own housing, housing demand has increased, causing housing prices across Turkey to rise in parallel. This situation can be observed within housing projects and real estate news. Our focus on housing projects and real estate news shows that housing prices have risen in parallel with the increase in the exchange rate over the last 5 years. The increase, especially in the Istanbul region, is quite substantial when we look at Turkey as a whole.

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