Sharing his 2026 outlook for the housing and real estate market, Hakan Bucak, Chairman of the Board of Hakan Bucak Real Estate, stated that the disinflation process and the expected gradual decline in interest rates could create a more favorable environment for housing demand in 2026.
Despite high interest rates and tight monetary policy conditions in 2025, approximately 1.7 million homes were sold across Türkiye, and sales increased by 14.3% year on year. While this picture shows that housing demand maintained its strength despite macroeconomic fluctuations, one of the sector’s main agenda items has become whether demand will remain robust in 2026 as economic conditions turn relatively more favorable.
In his assessment of the housing market, Hakan Bucak pointed out that the demand momentum seen in 2025 may continue into 2026, and he used the following statements:
“Even though tight monetary policy and a high interest rate environment have been implemented in Türkiye in recent years, the fact that housing demand has maintained a strong trajectory has shown that the core dynamics of the real estate market have developed a certain resilience against macroeconomic fluctuations. Especially in an inflationary environment, housing being positioned both as a necessity that meets the need for shelter and as a long-term investment vehicle was one of the most important drivers of the increase in sales volumes in 2025. Despite pressure on household purchasing power, demand staying lively points to a strong structure where demographic dynamics, the trend toward urbanization, and investment motivation work together.”
“Conditions may be more favorable for housing demand in 2026”
Emphasizing that the continuation of the disinflation process in 2026 and the expected limited decline in interest rates could support the market, Bucak stated that demand would remain strong:
“When we look at 2026, we do not expect a very sharp break in the economic outlook. The disinflation process continuing gradually and, in parallel, some room for a downward move in interest rates could create a more favorable ground for the housing market. A relative improvement in financing conditions will allow deferred demand to come back into play. For this reason, I believe the strong demand momentum we saw in 2025 will remain lively in 2026 and evolve into a more balanced growth path.”
“Housing demand will remain structurally strong”
Stating that demand will follow a more rational yet stable course in the period ahead, Hakan Bucak underlined that housing’s role as an investment instrument will continue to support demand:
“Even if demand becomes more selective in the coming period, we will be talking about a demand structure that is maturing, not weakening. In an inflationary environment, the search to preserve the real value of assets, ongoing population growth, urbanization dynamics, and the formation of new households are the main factors that keep housing demand structurally strong. In this context, what will determine the direction of the housing market in 2026 will not be sudden spikes, but a balancing process in which conditions gradually become more favorable and demand remains lively.”