New Home Sales Reach 4-Year Peak: Market Analysis by Burak Ustaoğlu
"Evaluating developments in the real estate sector on CNN Türk, Burak Ustaoğlu stated that sales of newly built residential properties have climbed to a 4-year high. Emphasizing that soaring rental prices, earthquake anxiety, and heavy maintenance costs for pre-owned homes are steering buyers toward new apartments, Ustaoğlu noted that interest-free payment plans offered by developers further energize the market"
Indicating a clear shift in homebuyer preferences, Burak Ustaoğlu mentioned that citizens are once again turning to brand-new properties seeking low-maintenance, ready-to-move-in homes
. He highlighted that earthquake concerns, particularly in and around Istanbul, alongside rising repair expenses associated with older homes are primary drivers behind this choice
. Pointing out that buyers aiming to avoid high rents prefer turn-key properties, Ustaoğlu noted that interest-free payment options provided by construction companies to manage existing inventory make new homes far more accessible
. Ustaoğlu expects that the strong sales momentum observed in the first half of the year will continue at the same pace throughout the second half