Erdal Albayrak / Chairman of the Board, Albayrak Beton:
“A record by year-end would be no surprise”
The rise in real estate sales, which entered an upward trend at the start of this year, continued into the eighth month as well. The latest TÜİK figures show that over the eight-month period sales increased by 21.3% year-on-year to 978,070. There is also a 45.2% increase in mortgaged sales. Looking at the data, the growth appears to be continuing with upward momentum. The sector had expected total home sales to exceed 1.5 million by the end of this year, and it wouldn’t be wrong to say that this figure could be surpassed in the coming period. In fact, a record in home sales by year-end would be anything but surprising. I believe the increase will continue in the same way from here on, and that asset holders in particular will keep buying homes in the periods ahead.
Cihat Algün / Chairman of the Board, Algün:
“It’s important that the increase in home sales be sustainable”
When we look at TÜİK data, we see that housing sales figures continue to come in on an upward trajectory. This shows that confidence in the real estate sector remains intact. If interest rate cuts continue in the coming periods, we can expect a significant rise in home sales. However, what matters here is whether this rise will be sustainable. Beyond investment-driven sales, steps must be taken to prompt those aiming to become homeowners—and first-time buyers in particular—to take action. That’s because loan interest rates have a direct impact at the decision stage of home purchases. Therefore, initiatives to be undertaken in the mortgage market from now on will determine the course of sales.
