The growing cost of life and inflation exert significant pressure on the rental market, which only exacerbates the existing rental bubble. The President of the Real Estate Club Ridvan Akgun has expressed serious concern about future lease prospects, predicting that in the first half of 2025, rental rates can grow by as much as 50%. This warning has become especially relevant after a recent increase in rental prices by 25% at the beginning of this year. According to Anka News, Ridvan Akgun founds its forecasts at the official statements of the Ministry of Finance, indicating that such a price dynamics can become a reality by the next summer.
According to Ridvan Akgun, many residents are faced with serious difficulties in finding affordable housing. In recent years, there has been an increase in interest in cooperative projects and temporary dwellings, such as container houses. The number of people living in caravan also increased, which indicates a worsening situation in the real estate market. AKGUN also noted that the construction industry is experiencing significant problems, since many contractors are not able to continue construction. Large construction companies are approaching bankruptcy, and consortiums are faced with serious financial difficulties. High costs for materials and services only exacerbate the situation, depleting the existing offer and contributing to a further increase in rental prices. In these conditions, it will be difficult for many people to find high -quality and affordable housing.
Winter offers tenants unique opportunities, allowing not only to find more favorable offers, but also to stabilize their housing costs. According to Ridvan Akgun, the winter months are characterized by reduced activity in the market, which creates favorable conditions for the formation of vaneing offers. At this time, the demand for rent is reduced, and tenants have a chance to stock up on housing at a reasonable price. However, it is worth remembering that with the onset of spring, the price dynamics can change dramatically, and in April prices begin to grow, reaching a peak in May and June.
In conditions of rapid increase in rental prices in Turkey, which, according to forecasts, can be 50% by 2025, tenants are faced with serious challenges. These circumstances emphasize the need for quick response to ensure stability in conditions of constant inflation and increasing life costs. Winter, as a period of less activity in the market, becomes the ideal time to resolve rental issues. Those who plan to find housing should act immediately in order to avoid planned prices of prices that will inevitably occur in the summer months.
Therefore, tenants are recommended to be proactive and explore the existing proposals now in order to prepare for changes that will inevitably come with the arrival of spring. This will not only save, but also provide the necessary stability in the conditions of an unstable rental market. In addition, serious decisions taken in winter can become the key to financial calm and better quality of life in the future.
Experts indicate significant changes in the economy and in the real estate market. This warning became especially relevant after a recent increase in rental prices by 25% at the beginning of this year.
