Representatives from the real estate sector predict that 2025 will be better than 2024, with housing sales anticipated to rise by 17-18%. The President of the Real Estate Investment Trust Association (GYODER), stated that housing sales in Turkey would exceed 1.4 million units in 2025, and the lack of significant increases in real housing prices would accelerate sales. A further boost in housing purchases is expected, particularly with the decrease in interest rates.
She pointed out that high interest rates had deterred investors, but with lower rates, real estate could regain its position as a safe investment. She also mentioned that Turkey's annual housing production needs are around 800,000-900,000 units, but current production is between 500,000 and 600,000 units. She emphasized the need for accelerating urban transformation and increasing homeownership rates through public-private cooperation.
The President of the Housing Developers and Investors Association (KONUTDER), also highlighted that housing sales would increase in the second half of 2025, but a suitable economic environment for housing production was essential. He identified high interest rates and land costed as the main barriers and noted that public-private collaboration was key to solving these issues.
GYODER’s proposed "New Housing Model" aims to reduce rental prices by half. In this model, government-owned land would be leased to real estate developers to reduce costs and increase housing production. Public-private cooperation, including the involvement of TOKİ (Housing Development Administration), would encourage the construction of affordable housing for low-income citizens.
In conclusion, an increase in housing transactions is expected, but further regulations and public-private partnerships are crucial for a more stable market and affordable housing production.
