Erdal Albayrak / Chairman, Albayrak Beton:
“Investors are turning to real estate as a safe haven”
Looking at the figures, we see a clear rebound in transaction volume in the housing market. Investors are seeking a safe harbor, and—as in every period—real estate is that harbor. The priority now, however, is meeting the housing needs of low- and middle-income groups. Acting on this, the government has set a target to lift the homeownership rate—now down to around 56%—to 66% by 2035, while stepping up social housing and working on formulas to improve conditions for the middle-income segment. From here on, Türkiye must rapidly develop an accessible/affordable housing policy; implementing public-private partnership models can share the fiscal burden and make the process more feasible and faster.
Cihat Algün / Chairman, Algün:
“Year-end record expectations have strengthened”
According to TÜİK, home sales in January–September rose 19.2% year-on-year to 1,128,727. The 34.4% increase in mortgaged sales is particularly noteworthy. Based on today’s official picture, the expectation that full-year 2025 home sales will surpass the 1.5 million threshold and set a new record is gaining strength. Those who previously parked their money in FX-protected deposits, interest-bearing accounts, foreign currency, and gold have now started investing in housing. Anticipating further price increases, many are shifting into property. These factors help explain the persistent upward trend in sales. If interest rates continue to move lower, we expect the number of borrowers—and thus mortgaged transactions—to increase further.