Gül Project Chairman Ali Gül, Güral Construction Chairman Nuri Güral and Concept Yapı Chairman Fuat Akın shared their views on July residential sales figures announced today.
Decline in foreign exchange reflected favorably on sales
Housing sales in July of 2017 compared to the same month of the previous year increased by 42.4 percent, we see 115 thousand 869. Sales figures since the beginning of the year showed us once again that the industry is a reliable port. The construction sector continues to grow and expand in 2016 despite all the troubles we have experienced as a country. The decline in foreign exchange was a factor in the increase in housing sales. The investor who wants to buy a home chooses to own a house by cashing his foreign currency. All these developments indicate that the industry will gain momentum in the future. With the campaigns that make it easier to own a residence, the reviving real estate sector has enabled both investors and home buyers to profit.
The actual sale will start in September-October!
Residential sales increased by 18.7 percent in July compared to the previous month. However, the increase compared to the same month of the previous year was 42.4 percent. These figures mean that the activity continues in the sector and sales for the future will increase further. One can say that the stagnation in the sector, which is experienced in summer, has also been overcome. Now is the time of growth … We think the actual activity will start in September-October.
We have renewed our expectations
Residential sales rose by 42.4 percent in July 2017 compared to the same month of the previous year, breaking all records. Housing sales figures are very pleasing, we are fully convinced that investments, production and employment will increase. The economy is affected by fluctuations stemming from internal and external dynamics, and we foresee that the construction sector will continue to grow in 2017 without slowing down. The construction sector, which is the locomotive of the economy, should not be judged according to seasonal declines.