Is real estate demand increasing in Fethiye? How is the housing and real estate market in Fethiye?
We see that the market is returning to normal and the current account deficit and inflation are in a downward trend. The real estate sector was slow in the last six months of 2018 and the first 10 months of 2019, we can say that there has been a stagnation in the real estate market and housing sales for approximately 1.5 years. Interest rates, which were in the 8 -10% band in 2015, 2016 and 2017, increased radically in the third quarter of 2018, the interest rates increased to around 25%.
After mid-2019, the lowering of housing purchase interest rates in public banks to 0.99 level first, and the reduction of 0.78 levels in new houses nowadays, increased the interest in the housing and real estate sector.
We see that the real estate market has started to revive.
We think that the demand will continue to increase as the interest rates in private banks enter the decline process.
What are the prices in the real estate and housing market in Fethiye?
Property and housing prices in Fethiye are very suitable for buying real estate right now. You know, with the increase in interest rates, inflation rates in our country also increased. However, contracting firms or building firms could not reflect the price increase due to the stagnation to the stock prices at hand.
Due to the recession, some contractors made a price reduction. I find it beneficial for buyers to evaluate this situation in favor of the buyer.
There are good opportunities for those in need or investors who want to invest in the housing and real estate sector.
At current prices, I think it is a good time to purchase property that is fit for purpose by doing good research.
Price increases in real estate seem inevitable when markets return to normal and stock housing at hand.
Our citizens who are in need, who want to own a house, who have sufficient income or accumulation should not wait to buy property.
Buyers should invest in the market by consulting the referenced real estate advisors they trust.
Turkey and the future of real estate in Fethiye and you see how the housing industry?
According to statistical data, approximately 60 percent of individuals I sit at home in Turkey as the host. When the market is back to normal, individuals with around 40% tenants will also have a demand to own a house.
People who have the opportunity to buy a house do not want to stay in a rent.
The person with sufficient income and accumulation does not want to be a tenant and wants to own a property. This demand will occur when the market allows it.
This demand will create a liveliness in the real estate sector related sectors in the market, and will have an increasing effect on the real estate market.
In addition, the demand for housing for foreign citizens from abroad continues as in previous years. In addition, Turkey Turkish citizens resident abroad and from different places of our housing, we are seeing real estate purchase. This interest will have an increasing effect on prices.
Likewise, the purchase of domestic and foreign real estate continues in Fethiye.
In addition; Turkey and the Turkish economy growing population in a growing economy in the long term.
In the long term, there will be more housing needs, new investments will be made in the workplace and commercial areas, health, industry, tourism and service sectors, which will positively affect the development of the real estate sector.
The average household size of 3.8 people in Turkey. 5 people, this figure was at the past in Turkey. In Europe, this rate is 2.5 people.
Turkey every day, "the number of people living in a house" reduction is seen. In this sense, we think that the decrease in household size and the increase in the ratio of ownership will positively affect the real estate and construction sector.
There may be ups and downs in the real estate sector and markets in short periods.
In front of the real estate sector in Turkey it is open in the long term.
Who invests in real estate wins. We say don`t hesitate to invest in the real estate sector.
We recommend that you consult a professional real estate agent before making a real estate investment.
The right real estate investment not only protects your money against inflation, but also allows you to earn a profit over other investment instruments.