Real Estate Prices Will Increase By 25 Percent In 2019!
INDER chairman Nazmi Durbakayım stated, Real Estate Prices Will Increase By 25 Percent In 2019! Durbakayım said that this is the best time to buy real estate. The increase in the interest rate on deposits and loans. Low rental income and the weakening of the potential to make the house diminish the desire to buy a house. Sector representatives make important warnings for buyers.
According to Omer Faruk Bingol’s article in Turkiye Gazetesi, Istanbul Builders Association Chairman Nazmi Durbakayim said with the increase of construction costs,building permits decreased.And he stated:
” Increase in real estate prices is unavoidable ”
Costs have increased a lot. There is also a downward trend in interest rates. If this trend is accelerated, the increase in real estate prices will be inevitable. Just after the 2001 crisis, a process like 2004 is waiting for us. ” ” It’s time to buy real estate ”
Nazmi Durbakayım, said that the weak owners who do not work correctly and who do not do their accounts correctly, started to get out of the market by giving 80 percent to the land owner, and we see this clearly by the licenses. What does this mean? Now there will be less construction supply, stocks will run out fast.
If you take into account that the costs will be added to the prices, it is time to buy real estate right now. But we look at it, there are people who sell the real estate, and there are those who invest money. However, after 2-3 years, even if they add to the earnings of deposits, they will not return to the house they sell. Deposit rates will fall below 15 percent and below, they will run into housing again, but they will not find opportunities today. We expect prices to increase by 25 percent in 2019. 201