1 Year Value Change in Housing Sales Prices in Kadıköy was 160% and Rents 139%

According to the Endeksa data, the annual value increase in housing sales prices across Turkey was 127% and the value increase in rental prices was 95%. The average sales price of residential square meters is 7 thousand 395 TL. These growth rates are even higher in the favorite districts of Istanbul, where everyone wants to live, like Kadıköy. In Kadıköy, the 1-year value increase in housing sales prices was 160% and 2-year value change was 258%. The value change in rents over the last 1 year is 139%, the change in value over the last 2 years is 198%. According to the index's data at the end of March 2022, the average sales price of residential square meters is 30 thousand 513 TL, average rental housing The price per square meter amounted to 78.56 TL. On the basis of housing sales as of the end of March in Kadıköy, Caddebostan with an average price of 46 thousand 682 TL square meters, Fenerbahçe with 43 thousand 779 TL and 33 thousand 447 TL Suadiye are in the first place.

Assessing the data, Indeksa.com Co-Founder and General Manager Görkem Öğüt said, “The main factor affecting the housing market in Turkey was undoubtedly the pandemic. The pandemic and curfew have led people to summer cottage. Coastal cities such as Datça, Bodrum, Cesme, Urla faced serious migration from metropolitan cities and this migration caused astronomical value increases in both rent and sales prices in coastal cities.

There has been a serious movement in housing prices in Istanbul in the last 1-2 years. The 5.8 earthquake on September 26, 2019 and the aftermath of the aftermath, the impact of the Izmir earthquake on the market is a The attractive mortgage loan campaign in June 2020 also affected housing purchases, causing housing sales prices to increase. Then the impact of the pandemic and the increase in construction costs raised prices thoroughly. The annual value increase in housing sales prices over the last 1 year is 147%, the value change in the last 2 years is 208%. The change in housing rental rates was 133% in the last 1 year and 180% in the last 2 years.

The cost index of building construction increased by 5.82% compared to the previous month and 87.91% compared to the same month of the previous year, according to the TİK data. Compared to the previous month, the material index increased by 7.82% and labor index by 0.10%. In addition, the material index increased by 110.44% and labor index by 41.29% compared to the same month of the previous year. This situation also directly affects housing prices, “he said.