Some experts say prices in housing sector show tendency to decline

There was good news from the housing sector, where price increases exceeded 100 percent and supply problems were experienced. Some experts now say the increase in rental apartment prices has stopped with the government’s social housing project. Realtors say rental apartment prices remained stable with the project adding that there has been a decline in apartments for sale,as well. Based on these reports by realtors apartments, which had an average price of of 3 million liras, have fallen to around 2 million 700 thousand liras.

Millions of citizens were looking for answers to questions such as “Will house prices fall?” or ”When will housing prices decelerate.” Based on info provided by some professionals in the sector it is now observed the increase in both rental and sale apartment prices has stopped, following the initiative of social housing project launched by the government.

Prices in rented apartments remained stable, while prices in apartments for sale declined. Realtors said that there would be mobility in sales with the announcement of the conditions in the project. Realtors also noted that the demand for rental apartments continued, adding rental apartment prices have remained stable.

Realtors think that prices will remain stable in both rental and sale houses in the future. An average rented apartment in Istanbul Bahçelievler is available at 5-7 thousand liras rent. On the other hand, there was a decline in the prices of apartments for sale. Apartments with an average of 3 million liras fell to around 2 million 700 thousand liras.

SOURCE: finans.mynet.com/haber/detay/emlak/fiyat-artislari-gundemden-dusmuyordu-konut-sektorunden-iyi-haberler-geldi-300-bin-tl-dustu/453716/