Increase in Rental Housing Demand in Summer

Increase in Rental Housing Demand in Summer

Every year, with the arrival of summer, there is an increase in demand for rental housing in the real estate market. So, what are the factors that cause the demand for rental housing to increase during the summer months?

The main reason for the increase in the demand for rental housing in the summer season is the fact that most of the society seeks rental housing at the same time, for reasons such as marriage, appointment/appointment and gaining a university. This demand intensity, which is caused by the fact that a large part of the society, especially newly married couples, newly appointed or newly appointed civil servants and students who have won university, search for rental housing in the summer season, affects the real estate sector this year as well. In addition to the density in the past years, the fact that people whose houses are within the scope of urban transformation and asylum seekers who came to our country due to the negativities in neighboring countries have also started to search for rental housing has caused the demand for rentals to peak.

About 65 percent of the country’s population is a tenant. We can list the segments that show the highest demand for rental housing as civil servants, low-middle income workers and students. For this reason, civil servants who are assigned to other provinces in certain periods prefer to rent rather than buy housing. Likewise, the preference of university students who will reside in another city for a period of 4-5 years until they graduate from the university is rental housing. Low- and middle-income workers also prefer rental housing, as they cannot make the necessary savings to purchase housing.