2024 Peak in Title Deed Sales: Non-Residential Sales Stand Out in September
Title deed sales taking place in September 2024 indicate an important period in residential and non-residential real estate transactions. The highest figures of the year were reached with a total of 285 thousand 373 title deed sales transactions. The majority of these sales were made up of non-residential real estate (land, field, shop, etc.). While non-residential sales lagged behind residential sales for three months, they took the lead again in September.
Title deed sales taking place in September 2024 indicate an important period in residential and non-residential real estate transactions. The highest figures of the year were reached with a total of 285 thousand 373 title deed sales transactions. The majority of these sales were made up of non-residential real estate (land, field, shop, etc.). While non-residential sales lagged behind residential sales for three months, they took the lead again in September.
Non-Residential Real Estate Became the Favorite of Investors
While 140 thousand 919 houses were sold in September, non-housing sales exceeded houses with 144 thousand 454 units. This indicates that the balances in the real estate market have changed. The recent increase in interest in land and shop investments for commercial and agricultural purposes shows that non-residential real estate is preferred by investors. Such investments, which gain value especially in the trade and agriculture sectors, are among the options with high potential for long-term earnings.
Mobility Continues in the Real Estate Market
According to land registry data, 50.62 percent of the sales in September were non-residential real estate. Housing sales remained at 49.38 percent. While the interest in non-residential real estate throughout 2024 indicates that the market is shifting in different directions, experts evaluate this change as a part of broader investment strategies.
Expert Opinion: Demand for Different Real Estate Types is Increasing
The long-standing housing-oriented investment trend in the real estate sector has begun to be replaced by an interest in different types of real estate. According to experts, investments in land, fields and commercial areas have strategic importance in areas such as urban growth and agricultural production. Intensive construction and limited residential areas, especially in big cities, encourage investors to direct land with wider usage purposes. This situation creates important opportunities, especially for investors who plan for the future.
What to Expect in the Future?
This change in the real estate market shows that different investment instruments will come to the fore. Especially commercial areas and agricultural lands will continue to gain value within the framework of urban planning and development projects. Diversity in real estate investments contributes to the formation of a more solid and balanced structure in the market. Therefore, the fact that investors are turning to non-housing options reveals that the dynamics in the market need to be considered from a broader perspective.
As a result, title deed sales data for September 2024 show that there is serious activity in the real estate sector and non-residential investments are increasingly preferred. While this trend is expected to continue in the coming months, it is of great importance for investors to follow these opportunities closely.
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