Things Aren't Good in Real Estate

Apartment Sales Are Stagnant

A movement was expected after the last election in our country, which went through consecutive elections. However, the expected movement has not yet materialized. The war and terror incidents in the region we are in are some of the factors preventing this movement. Builders and contractors, who are waiting for the market to revive, are worried about the coming winter. Due to the very low apartment sales compared to last year, the desired profits could not be achieved this year. This has put construction companies that make annual plans in a difficult situation.

Time Is Passing at the Expense of Construction

With thousands of constructions and apartments built in different provinces and districts waiting for buyers, the worsening of things instead of improving as time passes deeply concerns builders. When TOKİ constructions are added to the many apartments, the number increases significantly. As long as TOKİ continues in city centers as a competitor to builders, the construction sector will have difficulty overcoming its problems.