On the sudden and rapid rise of the dollar, President Recep Tayyip Erdogan has turned the dollar investment into a TL or gold denomination, which is not insensitive to the call of “making the Turkish lira worthy gain”. A significant number of investors turned to real estate. According to the news in the morning, Housing Development and Investors Association (KONUTDER) Chairman and EYG Group Chief Executive Officer Ömer Faruk Çelik stated that the housing areas will be profitable in this period and said that citizens who earn 20 percenrt from the money can invest in real estate.
Prices Will Increase in 2017
President Çelik said, “In addition to 20 percent of the gains from the dollar, there is also a cost increase due to the exchange rate, which will be expensive from today’s prices in 2017. Both the increase in the price and the increase in the value of the house will be a matter of price. So now the citizen of the house will win 35 percent, “he said. Expressing that there is a serious housing demand in the middle income group, Çelik said that the table is not bad in the real estate sector.
Discount can be made for reputation
Stating that some companies in the sector have difficulties in paying loan debts, Çelik said, “In order to manage the cash flow, the bank borrower, a number of companies may lower their prices or prolong their futures.However, businessmen suffer losses to lose their reputation because the capital is not money for the businessman. Companies can offer up to 12 trillions of dollars, “he said. Stating that the banks have tightened their hand in this period, Çelik said, “The banks want to give credit to the banks, and they think it is risky to give loans to pay the debts.” Stating that the construction sector can not be institutionalized, Çelik said “Legislation and administration are not transparent, it is not possible to grow the company that can not be institutionalized.”