Are You a Minimalist or Maximalist? Exploring Living Styles in Turkey’s Real Estate Market
In recent years, the question of whether one is a minimalist or maximalist has gained significant attention, particularly in urban environments. If you asked this question in 2019, many would proudly identify as minimalists, embracing a lifestyle focused on simplicity and efficiency.
Understanding Minimalism
Minimalism often means owning less and making life more manageable. It encourages individuals to simplify their surroundings, opting for easy accessibility and functionality. In urban settings, this trend led to a growing demand for smaller living spaces, such as studio and one-bedroom apartments. As rents for these smaller units were often comparable to those of larger apartments, property investors found them appealing.
Developers took note of this trend and capitalized on it by offering smaller units at higher prices. Since pricing is typically calculated per square meter, selling smaller units at a premium became a profitable strategy. Over nearly a decade, investing in studio and one-bedroom apartments emerged as an ideal option in Turkey’s real estate market, particularly for young, single individuals.
The Shift Towards Maximalism
However, this trend primarily catered to younger, single residents. As time passed, families began to struggle to find suitable larger units in city centers. Consequently, the demand shifted from one-bedroom investments to three-bedroom and larger apartments, as families sought more space.
For those solely renting out their properties, smaller units still represent a viable option. However, when considering exit strategies in the property market, it is crucial to focus on families, as they often possess greater purchasing power. Younger generations, while initially drawn to smaller units, show less inclination towards homeownership nowadays.
The pandemic also highlighted the limitations of minimalism. During lockdowns, living in a small space became challenging. Recent research indicates that families are increasingly searching for larger units with features like terraces, balconies, and gardens.
Making the Choice: Bigger or Smaller Units?
Ultimately, the question remains: do you want to own bigger or smaller units? While minimalist living may have its advantages, the trend is shifting toward maximizing space and comfort. Families are looking for homes that can accommodate their needs and provide a better quality of life.
As the real estate landscape evolves, it is essential to adapt to these changes. If you’re considering investing in property, focus on projects that cater to family-oriented buyers.
Conclusion
In conclusion, the shift from minimalism to maximalism in Turkey’s real estate market reflects broader lifestyle changes influenced by urban living and recent global events. Understanding these trends can help guide your investment decisions. Let’s discuss your preferences and find the right property for you—whether it’s a cozy studio or a spacious family home.