Factors Influencing Prices of Residential Real Estate in Turkey

In many nations, the real estate sector is a very important determinant of economic productivity and improvement. It is critical to conduct market research and gain a thorough understanding of the market before making house-buying decisions. In real estate investing, market analysis is an un-derappreciated asset. In actuality, the most significant aspect of analysing a real estate investment is market analysis. Although all the real estate is local, the main macroeconomic factors have an influence on all local markets. So, market analysts should check the interest rates, present and proposed inflation fluctuation, population expansion, interest rates, and GDP growth. These elements have an effect on the economic base which be-setment the subject property’s progression or reduction. Interest rates can affect the cost of borrowing and mortgage change rates in capital flows can also have a direct impact on the Demand and supply variables for a property. There are also links between inflation and any limited-supply goods. Inflation has a significant impact on a wide range of industries. The utility market, banking, and energy are the most affected. In fact, because the Gross Domestic Product Growth rate is the main influence on real estate pricing and rent, real estate investments offer a direct method to benefit from these economies’ significant growth. And regarding the increase in the population, it’s also important to comprehend the fundamental causes of population growth.