11.01.2025 13:11
Opportunists in the housing sector increased property prices without waiting for interest rates to drop. This situation put citizens planning to buy homes in a difficult position. While a decrease in interest rates is anticipated, the significant rise in housing prices has caused concern in the market.
Low-interest housing loan announcements aimed at first-time homebuyers and low-income citizens have caused a stir in the housing market. Minister of Treasury and Finance Mehmet Şimşek stated, "We will facilitate home purchases with budget support and suitable financing options," while Vice President Cevdet Yılmaz shared plans regarding financial support for young couples and social housing programs.
OPPORTUNISTS HAVE SPRUNG INTO ACTION: PRICES ARE RISING RAPIDLY
Immediately following these announcements, it was observed that some opportunists increased housing prices. It was determined that on listing sites, house prices showed increases of up to 500,000 TL within the same day. For example, it was seen that the price of a house listed on January 1 increased by 100,000 TL in a short period.
In another listing, a price difference of 2,250,000 TL was noted between the price on September 27, 2024, and the current price.
WARNING FROM EXPERTS: BE CAREFUL
Experts warn that the expectation of low-interest housing loans may lead to price increases, advising citizens to be cautious. Those planning to buy a home are recommended to conduct market research against sudden price increases and to avoid hasty decisions.