The Housing Market in Marmaris

MARMARIS, Turkey - Aug. 5, 2020 - PRLog -- The stagnation prevailed in the market when Covid-19 epidemic started for flats for sale in Muğla area and Marmaris. Economic life was already paralyzed all over the world. Turkey real estate industry the decline in mortgage interest rates was surprised. Such interest rates were not expected. This decrease in unexpected interest rates changed the situation in the housing sector. Public banks' 62-64% lending for first-hand housing and 72-76% rates for second-hand housing increased housing demand. Turkey Marmaris real estate market revived. There were queues in front of the land registry office. As a result, the real estate sector in Turkey a total of 131,000 units last month, home sales transactions took place.

What happened to Marmaris house prices?

The volatility in the market, the increase in exchange rates and the increase in demand for gold were monitored. The expansion in the volume of demand for credit was effective in raising the prices of Marmaris houses for sale. The question of how long this process will continue is discussed. Public banks lend according to the valuation report. It is noteworthy that appraisers report low prices. As an example, 3 + 1 houses with a value of £ 65.000, reported a value of 300.000-TL was given. However, the prices of 1 + 1 flats find buyers in the market starting from 300.000-TL. Among the hundreds of thousands of ads on the Internet, ads can be viewed with the search engine. When you search keyword "house for sale in Marmaris", real prices are seen in the price list.

Interest Inflation Relationship

Inflation shows 12.60%, whereas bank interest is 8.75%. Between bank rates and  Inflation rates has a significant difference that can be considered more realistic in the market. So where and how will the balance be established? I wonder if interest rises or inflation falls? Of course, we have a look and get answers to questions soon.

If you're buying or selling real estate in the Marmaris, please contact +90 (532) 312-0116, or you may visit the company's website at https://www.gonencemlak.com.tr/