The return of Syrians has been felt the most in this district: houses that used to cost 20,000 lira are now 10,000 lira.

After the fall of Bashar al-Assad's regime, the reverse migration that began in the Reyhanlı district of Hatay, located on the Syrian border, has also brought a decrease in real estate prices and rents.

POPULATION IN THE DISTRICT HAS DOUBLED

Since the outbreak of the civil war in Syria in 2011, Syrians who left their country have created a concentration in Hatay and its districts. According to official figures, the population of Reyhanlı, where 60,000 Syrians have migrated, has reached 115,000. Due to high demand, real estate prices and rents have doubled. The average rent is now 20,000 Turkish Lira per month, and house prices have reached 2 million Turkish Lira. Reverse migration began on December 8 after the fall of the Assad regime. Syrians who vacated their homes and businesses have now caused prices to drop.

HALF PRICE DROP IN RENTAL PRICES

Yeni Mahalle Muhtarı Sedat Sakin, who also works in real estate, stated that rental prices in the range of 15,000-20,000 Lira have dropped to 10,000 Lira. Sakin said, "After the war, landlords were not renting for 10,000 Lira per month. Now Syrians have started to go back to their countries and transfer their homes and businesses. Everyone is slowly leaving Reyhanlı. Houses that were sold for 2 million Lira have now dropped to 1.5 million Lira. There are those who are willing to sell the house they bought for 2 million Lira at the same price, but there are no customers," he said.

"WE HAVE BECOME UNABLE TO FIND TENANTS"

Real estate agent Mustafa Saçar said, "We used to have trouble finding tenants, but now we have become unable to find tenants."

Yakup Göksu, who is looking for real estate agents to rent out the houses vacated by Syrians, also stated that prices have dropped by half, but he cannot find tenants.