One of the issues we talked about most in the past weeks was the increase in real estate prices. The incident, which broke out especially with the decision of universities to start face-to-face education, remained on the agenda for days. In fact, this issue is still not on the agenda. Because while the prices of houses for sale throughout the country have already reached unbelievable levels, the prices of rental houses are also pocket-friendly.
Now, a statement was made that made so much of opportunism give up. In the statements made by İsmail Özcan, President of the Association of Real Estate Marketing and Sales Professionals (GAPAS), the new housing rental system of real estate agents was disclosed. According to Özcan, some real estate agents hold auctions to rent a house at the highest price.
Reaching customers individually
According to the statements made by İsmail Özcan, one of the reasons for the rise in prices up to 50 percent is the supply-demand issue. Stating that people’s need to keep a house is increasing, but the number of vacant flats is low, Özcan said, “Due to the increase in demand and constraints in supply, real estate agents have developed different methods for their portfolios. One of them is auctions . . . ” So how does this system work?
İsmail Özcan also explained how the auction system works. In this context; “Because it is important to give the house at hand to the best price, people who submit a request are listed. Then, for example, if the starting price is 3 thousand TL, the people are called in order and an offer of 3 thousand 200 TL is received, the next tenant candidate is called and asked, ‘How much do you pay?’ and 4 thousand TL. The auction method is used to raise up to TL. It is a situation brought to the market by the limited supply, ” said Özcan, summarizing how the new method of real estate agents is.
İsmail Özcan was not the only one who made statements on the subject. For example, Ertap Erbay, Chairman of the Board of Directors of Istanbul Bahçeşehir Capital Real Estate, stated that such a system exists and that the auction system is most frequently applied in Esenyurt. Coşkun Hurlu, one of the Oşar Real Estate and Consulting Partners, stated that in addition to Esenyurt, similar situations are experienced in Beşiktaş and Şişli.
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