• Fri. Nov 8th, 2024
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    Istanbul Property Prices: What You Need to Know

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    1 minute, 43 seconds Read

    If you’re considering purchasing property in Istanbul, it’s essential to have an understanding of the current market conditions. At Right Home, we have over 11 years of experience in advising clients on buying, selling, and renting properties in Turkey. In this article, we’ll provide you with an overview of the current property market in Istanbul and what you need to know before making a purchase.

    About Right Home

    What is the average property prices in Istanbul? Founded in Turkey in 2012, Right Home is one of the first real estate agencies in the country. We’re proud of our extensive experience, deep understanding of the industry, and ability to provide superior assistance to our clients. Our operations cover a broad range of property sectors, including residential, commercial, and industrial properties.

    At Right Home, we’re passionate about real estate and committed to excellence. We understand that purchasing property is a significant decision, and we’re here to guide you through the process.

    Property Options in Istanbul

    At Right Home, we offer an exceptional range of properties, covering a wide variety of types. From charming country cottages to sophisticated city center offices, expansive agricultural land to cutting-edge new-build developments, we have the knowledge and expertise to guide you in finding the perfect property.

    Current Market Conditions

    The Istanbul property market has experienced significant growth in recent years, with prices increasing by an average of 10% per year. However, the market has recently shown signs of slowing down, with prices stabilizing or even decreasing in some areas.

    One factor contributing to this trend is the oversupply of new properties, with developers building more housing than the market can absorb. Another factor is the economic instability in Turkey, which has resulted in a decline in foreign investment.

    Conclusion

    If you’re interested in purchasing property in Istanbul, it’s essential to have a clear understanding of the current market conditions. At Right Home, we can provide you with the guidance and expertise you need to make an informed decision. Contact us today to learn more about how we can help you find your perfect property in Istanbul.

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