25.02.2026 11:56
Geopolitical developments and the rise beneath them have locked the housing market. Due to the uncertainties in the market, citizens prefer not to buy homes and keep their money in interest. Real estate agent Kasım Karakaş stated, "Currently, only those in dire need are buying homes; no one is buying homes for investment. I believe these uncertainties will continue until the end of the year. I do not expect a significant increase in real estate prices."
Recently, various geopolitical events around the world have affected the gold market. Gold prices reached record levels this year following a rise in 2025. Consequently, the uncertainty in the market has also impacted the real estate sector. Real estate agent Kasım Karakaş, who evaluated the situation, stated that citizens wishing to invest are currently not preferring to buy homes. He expressed that only those in urgent need are purchasing homes and mentioned that he does not expect a significant increase in real estate prices.
"I BELIEVE THE UNCERTAINTIES WILL LAST UNTIL THE END OF THE YEAR
Kasım Karakaş, who stated that the real estate market has been stagnant for about 2 years, said, "With geopolitical developments, tensions have increased worldwide, which has led to the rise of gold. Gold is constantly fluctuating. Some are selling gold to buy homes, while others prefer to keep their money in interest due to uncertainty. For example, someone who deposits 3 million lira in the bank can earn 80-90 thousand lira a month, but if they buy a house with the same money, they cannot rent it for more than 20 thousand lira. Currently, only those in urgent need are buying homes; no one is buying homes for investment. I believe these uncertainties will last until the end of the year. I do not expect a significant increase in real estate prices," he said.
"NOBODY IS APPLYING THE 34% INFLATION RATE"
Karakaş mentioned that home prices have generally remained stable in recent years, stating, "In fact, some properties have fallen below last year's prices. A place that was 4 million last year can now drop to 3.5 million. Rents have also fallen below those of 2 years ago. Nobody is applying the 34% inflation rate. Landlords are either continuing with the same rent, saying 'I don't want my tenant to leave,' or making very minimal increases," he expressed.
On the other hand, the results of the lottery held by the Housing Development Administration (TOKİ) were announced recently. Karakaş noted that citizens who did not receive a house from TOKİ have turned to the market.