The crisis not only increased the demand for real estate, both residential and investment. The task of the investor continues to be the choice of location, object, choice of an option for departure or remote purchase.
Summing up the results of 2020, we can see that the "behavior" of the governments of each specific country during the pandemic was directly reflected in the demand and prices for real estate. Turkey also attracted special attention. Favorable mortgage rates have raised the demand for housing to the highest levels, the reaction of developers in the form of an emphasis on domestic demand has increased the value of properties.
The bans on flights without a residence permit or citizenship, coupled with a lowered barrier to real estate investment of up to $ 250,000, caused increased activity among buyers who were in a "think" state.
Many people, after spending an impressive time in quarantine, decided to improve the quality of life and make it safer than they were helped by leaving the city or to the sea and increasing living space.
Residential real estate remains the main promising area for investing funds:
- for life;
- to change immigration status;
- for investments.
At the beginning of the pandemic, investors took a wait-and-see attitude and mainly monitored the market, but now, in the summer, clear trends have emerged, showing what will be in demand in the coming months and years.
First of all, real estate for obtaining a residence permit and citizenship abroad.
In some countries (Portugal, Greece) there are significant deficiencies in the proposals with the lowest entry threshold required to participate in residence permit programs.
Turkey remains in its position in terms of the simplicity and availability of obtaining a residence permit and citizenship.
In connection with the opening of the borders, the mechanism of "deferred demand" was launched, what will this entail?
- discounts will end;
- objects in new buildings bought out at the construction stage will rise in price from 10% and more;
- the market will receive offers purchased in 2020 on terms of a preferential mortgage with an increase in prices;
Therefore, for those who wish to fulfill their dream of living on the warm, safe Mediterranean Sea, it is high time to think about a deal.
