In 2023, Turkey will celebrate the day of the proclamation of the Republic of Turkey. In connection with this event, it is planned to build new large-scale projects in the country that will directly affect the real estate market.

Currently, there is already a serious increase in demand for residential and commercial properties in Turkey. New residential complexes from the developer in Alanya and other cities are sold out at a rapid pace. With the construction of large-scale infrastructure facilities, Turkish cities will become even more interesting for capital owners.

Objects to be built in Turkey in 2023:

An artificial water channel that will connect the Black and Marmara Seas.

A new airport in Istanbul, which will become one of the largest in the world. It will be able to serve about 150 million people a year.

Artificial islands in the Sea of Marmara.

The first power unit of a nuclear power plant in the province of Mersin.

The three high-tech cities of Gaziantep, Sakaryu and Kayseri, where modern technology will be used to control security, energy efficiency, healthcare and other areas.

How will this affect the real estate market?

The construction of the water canal will create new residential areas within Istanbul. The construction of new buildings has already begun in the surrounding areas.

Artificial islands will expand the coastline and create places for the construction of resort areas.

The new airport will attract an additional flow of tourists, as it will become even easier and faster to get to the resorts.

How will real estate prices change?

In the regions adjacent to new projects, housing prices are already growing rapidly. For example, in the city of Mersin, the value of real estate increased by 194% over the year, thanks to which it entered the top three after Alanya and Istanbul.

Tech cities also saw record increases in property prices.

Large infrastructure projects attract investors and property buyers, as they see the prospect of rising prices due to the increasing attractiveness of the region for living and recreation.

Choosing a good option for investing in Turkey

Contact TRUST UNITED to find the best apartment option for a reliable investment. Turkey has always been and continues to be one of the popular tourist destinations, so you can get a good passive income by renting out apartments in warm Alanya.

Why is it profitable to buy a house in Turkey today?

Despite inflation and other economic shocks, Turkey is still developing, creating new grandiose projects and thus attracting investors and property buyers from all over the world. Over the past year, the cost of housing in the country has increased by 116% and continues to grow. At the moment you have a good opportunity to buy an apartment at the best price from the developer at Yekta Homes. Choose new apartments today, and the company's specialists will offer you profitable options.