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Is it a Buy Low situation in Turkey 2024 with the current 50% interest rate

I’m thinking about the following. High interest rates typically reduce the demand for real estate because fewer people can afford to take out mortgages. This lower demand can lead to softer or even declining property prices, creating an opportunity for cash buyers to negotiate better deals.

So, there is Turkey with a very high 50% interest rate. Do you think it’s a good investment to buy real estate there?

I looked for some apartments in Istanbul and contacted real estate agencies to get information about projects under development. The prices don’t seem that attractive for me especially because I’m expecting to see relatively low prices.

Do you recommend other cities outside of Istanbul? So you recommend other options besides apartments? Investing in commercial real estate is very expensive and out of my budget though.

submitted by /u/AdPretend5939
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source https://www.reddit.com/r/RealEstate/comments/1epg4p1/is_it_a_buy_low_situation_in_turkey_2024_with_the/
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