Returns to Syria have begun, house rents in Reyhanlı have fallen
Syrians residing in the Reyhanlı district of Hatay, on the Syrian border, have begun returning to their home country. This situation has also been reflected in residential rents in Reyhanlı. Real estate prices and rents are experiencing a decline.
12punto
Real estate prices and residential rents have fallen in Reyhanlı, located on the Syrian border in Hatay. The fact that Syrians have begun returning to their country following recent developments was first reflected in real estate prices.
Following the war that began in 2011, 60 thousand Syrians migrated to Reyhanlı according to official figures.
The total population of Reyhanlı reached 115 thousand. This situation caused real estate prices and rents to double.
Average monthly rent reached 20 thousand, and house prices reached 2 million liras. With the collapse of the Assad regime on December 8, reverse migration began. Syrians vacating their homes and workplaces have now caused prices to fall.
Real estate prices in Reyhanlı, a neighbor to the Syrian border, have started to decline.