Inventories decreased in real estate sector, property to be sold cannot be found

The guest of Digital Conversations organized by Endeksa was Coldwell Banker Turkey Country President Gökhan Tas. Answering the questions of Görkem Öğüt, Founder Partner and General Manager of Indexsa.com, Coldwell Banker Turkey Country President Gökhan Taş, evaluating the developments in the real estate sector in 2020 shared prospects for the future.

Stating that stocks were reduced with the attractive housing loan campaign held in June 2020 and the property to be sold in some regions could not be found, Taş said, “Especially in Bagdat Street, Kadıköy and Bahçeşehir consultants have difficulty finding real estate for sale. With the pandemic, demand for summer areas has increased, and those who use the cottage in places such as Cesme, Bodrum and Urla have now started to use it as a permanent winter. I think the balance of supply demand in the real estate sector will sit at the end of 2021. Real estate developers consider new housing production as a risk right now. They think they will not be able to sell the housing they will produce with current costs, I do not think companies that do not see exactly the way by the end of 2022 or even 2023 will enter new projects, “he said.

Evaluating technological transformation in the real estate sector, Gökhan Tas said, “In the old time, real estate consultancy was not considered a profession. Today, a brand new audience of young, well-educated, consciously preferred real estate consultancy has been formed. On October 14, 2020, the regulation on real estate trade was published with its final revision. After that, without a tax sign, a certificate of authorization, no one will be able to do this work without training. Therefore, in the coming years there will be a period when only those who consider this job as a profession, and those who do not see it in this way can not exist. Real estate consultancy will be done much more reputatively and consciously. After that, there will be a period when consultants who use technology well, master the current knowledge and subject, guide their consultants, will make a difference. In the coming period, technology will help real estate consultants more. There will be more in our lives in many areas, such as video calls, video portfolio shares. I think successful real estate consultants will also adapt to technological transformation. During the pandemic, we saw it in our own offices. We learned a lot and adapted. Many of our offices have now moved their digital process. So I think the future will positively affect us.”