2016 was a difficult year for the world economy. However, in the second quarter of 2017 real estate demand is expected to increase.
Real estate market will revive in 2017.
Chairman of the Board of Directors of Özak GYO ,Ahmet Akbalık, stated that the housing market will be low in the new year. He said ‘’After stopping the movement of TL and dollar, the demand for real estate will increase. All over the world, there are fluctuations in the real estate sector. Turkey experienced this fluctuation in 2016. But in 2017, this situation will change and Turkish citizens will accumulate their savings in real estate.’’
Thirty percent of the homes sold.
Ziylan Group and Yenigün construction partnership and worth 4,2 billion pounds ‘Büyükyalı Istanbul’ project continues construction. Akbalık said ‘’Thirty percent of homes sold in three months. At such a time, it is very important to reach these sales figures. In 2017, Besiktas Balmumcu will do housing and hotels. We are also planning tourism investments in Antalya and Didim housing investment in Kemerburgaz. There will also be 4 new hotel investments. We have a hotel in Antalya. Our hotel in Zeytinburnu and Balmumcu project will be. We are planning a hotel investment in Didim and Demre’’
Ahmet Alabalık said ‘’Everybody watch out for gross square meters. The difference can be found 50 percent rate. The projects include gross square meters of fire departure corridor, elevator space, installation room, etc. We are not doing this’’