How Türkiye Copes With Inflation
Have you noticed that the media has been actively discussing inflation issues lately, especially in Turkey, where it has reached 75.5%?
Russia also faces similar challenges, although the situation is somewhat more stable here: inflation has been 3.87% since the beginning of 2024, with a forecast of 7% by the end of the year. However, by 2025, inflation is expected to fall to 4-4.5% due to financial policy.
In Turkey, despite the high level of inflation, signs of a slowdown are already noticeable, which is caused by the economy's reduced dependence on tourism and changes in the country's economic policy.
Finance Minister Mehmet Simsek said the country was entering a disinflation process and that inflation had already slowed in June.
These changes in the economy inevitably affect the real estate market. We see:
- Mortgage rates rise.
- Rising asset prices.
- Increase in construction costs.
- Rent increases.
But despite these challenges, real estate investments remain a safe and profitable investment. Real estate transactions are often conducted in euros or dollars, which minimizes the impact of currency depreciation on your investment.
How to use inflation to your advantage?
Even in conditions of inflation, you can not only protect your finances, but also come out on top. Here's why:
- Demand: Real estate will always be in demand, especially in popular tourist regions of Turkey.
- Stability: Investing in real estate protects against currency volatility and inflation.
- Longevity: Real estate is an asset that only increases in value over time.
If you are considering buying property in Turkey, now may be the perfect time to do so. Investing in villas or apartments will not only preserve your capital, but can also generate significant rental income.
How to choose a property?
- Location: Choose areas with developed infrastructure and high demand among tenants.
- Property Type: Depending on your goals, choose between apartments, villas or commercial properties.
- Professional help: Contact real estate specialists who will help you make the right choice and conduct all necessary transactions.
If you have any questions or you are already looking at cozy apartments or luxury villas in sunny Turkey, write me a private message to the number in WhatsApp + 90 549 528 70 51
I will help you quickly and profitably choose an object for recreation and investment in order to receive maximum profit.