Real Estate

Turkey will continue to be a center of attraction in real estate

Yesim Tanrivermis, Vice President of the Department of Real Estate Development and Management at Ankara University, stated that with the right moves, Turkey can continue to be a center of attraction in real estate for a very long time.

Yesim Tanrivermis, Vice President of the Department of Real Estate Development and Management at Ankara University, told Anadolu Agency (AA) that serious consequences of Covid-19 are seen in Turkey as well as in the rest of the world.

Evaluating the effects of this on the real estate sector, Tanrivermis said, “It is not possible to say that the effects are completely certain. The process is still ongoing. Therefore, the process should be evaluated in the short, medium and long term.”

Tanrivermis pointed out that the biggest risk for the real estate sector would be the problems to be experienced in repayments, and explained that since the sector is expected to shrink in the coming years, measures should be taken to prevent this risk.

Noting that Turkey can maintain its position as a center of attraction in real estate for a very long time with the right moves, Tanrivermis said, “Turkey is a country that foreigners would like to invest in under any circumstances. It is important that foreigners who come to Turkey receive services from the right people in the real estate sector and are guided correctly.”

Talking about the change in customer preferences in the sector, Tanrivermis said, “We can say that secondary residences and summer houses are more preferred in the sector. Especially with the epidemic, there was a serious demand for agriculture and rural areas. Living in rural areas, organic and healthy nutrition developed this spontaneously. This demand was something expected.”

Tanrivermis stated that living in the countryside can be a good alternative for those who have the opportunity to work remotely and flexible, and said:

“If you have to live in the city, then you can choose detached houses close to the city. Customer preferences are also in this direction at the moment, people mostly want to live in detached areas with gardens and to have such an alternative at their disposal when there are restrictions in similar situations.”

HOLIDAY PREFERENCES HAVE ALSO CHANGED

Stressing that the epidemic also caused a change in the holiday preferences of the customers, Tanrivermis said, “People prefer detached places instead of hotels, and if they will stay in a hotel, they prefer garden floors, suite rooms, places with their own pools. Plateaus and areas intertwined with nature are also in serious demand.”

Source: Sabah / Translated by Irem Yildiz

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