2010 will be the year of cheap houses, because some companies are making advirtisement as a promotion they sell studios for 39-49-59.000 turkish lira.After taking a severe hit from the financial downturn, the real estate sector has managed to drive up housing sales again thanks to significant declines in mortgage interest rates and attractive promotions launched by housing firms.
I'm still waiting for the market to catch up with the price we paid in 2003..
1-Turkey still offers cheapest houses in EuropeIf you bought a property in Turkey expecting a quick profit within a year or two, then you are contenders for buying a jar of London Fog.
If you think there will be a significant rise within 3-5 years you are optimistic and probably misguided, but I hope you are right.
If you think that Turkey will be in the Eu within the next 10 years you are still optimistic but not entirely nuts.
If you have bought a property on a long term (10 years) investment, I hope you are right because that is my thought also.
If you have taken out borrowings/mortgages/debts against your investment, I could probably sell you a Lada and you are Losers who should have remained out of it entirely.
Prices will increase..........in time, but not quickly.