Declining Rental Prices in Turkey Contrasts Booming Hyderabad Real Estate – BNN Breaking

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In a recent development, Turkey’s Minister of Finance and Treasury, Mehmet Simsek, made noteworthy statements regarding the housing rental market in the country. He pointed out a visible decline in rental prices, particularly in metropolitan areas. This statement comes in the wake of recent economic fluctuations and significant rent increases in the Turkish housing market.


Significance of the Minister’s Statement

The minister’s words serve as a significant indicator of the expectations in the market and the trajectory of rental prices. Furthermore, these statements reflect the government’s observations and evaluations of the housing and rental market.

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Contrasting Real Estate Scenarios


While Turkey observes a decrease in rental prices, the real estate market in Hyderabad, India, has seen a surge in demand for residential properties due to the Covid-19 pandemic’s effects. Between 2018 and 2020, the average price of properties for sale in Hyderabad has increased by 42%, even as other metropolitan cities saw a decline in sales.

Government Initiatives Fueling Growth

The growth of the Hyderabad real estate market is attributed to the government initiatives and proactive steps to establish Hyderabad as an international city. Policies such as RERA, GST, and the TS iPASS Act have benefited homeowners and buyers. The Telangana government’s future focus is on developing Hyderabad’s infrastructure, leading to increased demand for apartments and commercial properties in the city.


The Attraction of Hyderabad

Hyderabad, recognized for its high safety levels and quality of life index, has become an attractive option for young professionals. The prices for gated community flats in Hyderabad are generally lower than in other major cities, leading to an increase in demand for residential rental homes.

Hyderabad and Bangalore were identified as the two most actively operating commercial real estate marketplaces in the third quarter of CY2020.

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