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Real Estate’s Return Soared! How Much Did Those Who Purchased Real Estate 7 Years Ago Earn Today?

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Real estate prices have been rising below inflation in recent months. However, looking at a 7-year period, there is a whopping increase of 12 and a half times. Real estate has become the investment vehicle with the highest price increase after gold. Real estate price increased by 12 and a half times in 7 years. In recent years, the Turkish economy has faced a series of problems. Regional developments, the pandemic, and the Russia-Ukraine war led to uncertainties. Subsequently, the implemented low-interest rate policy increased interest in real estate. Real estate has become an investment vehicle. According to a report from Bahçeşehir University’s Center for Economic and Social Studies, real estate prices increased by 1158% over seven years. The average square meter price in real estate was 2,363 Turkish liras in September 2017. This figure reached 29,732 Turkish liras in August 2024. The average real estate price increased from 236,000 to 2,973,000 Turkish liras. The report also included a comparison with other investment vehicles. Those who made deposits instead of buying a house saw their money rise to 892,000 Turkish liras. Currency investments increased the money to 2,609,000, while stock investments raised it to 2,209,000 Turkish liras. The only investment vehicle that earned more than real estate was gold. A 236,000 Turkish lira gold investment increased to 4,307,000 Turkish liras in 7 years. Gold increased by 17 times, currency by 11 times, and stocks by 9 times.

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