The Future of the Real Estate Sector and Expectations for 2014
Housing Market and Mass Housing Projects
In 2014, along with the negative political developments in our country, the slowdown of the economy caused small increases of a few points in banks' housing loan interest rates. While housing loan interest rates were rising, the increase made those who wanted to use credit uneasy, and unfortunately, all these negative developments adversely affected the real estate sector. Statistical studies show that housing purchase and sale rates have decreased rapidly in many regions of our country, where the sector is also located, while it has been determined that many people are waiting for housing loan interest rates to fall to buy a home. Despite all these negative developments, mass housing companies are trying to accelerate sales by offering attractive prices, while falling housing prices are shown as a great opportunity by those waiting to buy. In other words, if you have some cash on hand and want to buy a home, you should actually consider the falling prices as a buying opportunity. Housing projects, which are increasing in number every day in our country, also enable many people to become homeowners.
