As of the end of June, the average house sales price in Turkey was TL 313,986

624 thousand 374 houses sold in the first 6 months

According to TÜİk, when the first 6 months of 2020 were evaluated, housing sales increased by 23.5% compared to the same period last year to 624 thousand 374, while mortgage sales last year compared to the same period 221.4%; second-hand sales increased by 42.5%. In the first 6 months of 2020, mortgaged residential sales accounted for 43% of total sales; second-hand sales accounted for 32% of total sales.

House sales prices in Turkey increased by 14.4 percent

According to the Endeksa, a new generation of real estate valuation and location analysis platform evaluating turkstat data, house sales prices across Turkey increased by 14.4% compared to last year. As of the end of June, the average residential square meter sales price in Turkey is TL 2,434, the average house price is TL 313,986, and the return time of housing investment is 18 years.

The provinces with the most sales are Istanbul, Ankara and Izmir

In June, Istanbul had the highest share in residential sales with 28,799 residential sales and 15.2%. According to the sales numbers, Istanbul was followed by Ankara with 21,915 residential sales and 11.5% share, and Izmir with 11,690 residential sales and 6.2% share.

Sales price of residential square meters in Istanbul 3 thousand 864 TL

According to Endeksa data, as of the end of June, the price of residential sales in Istanbul increased by 11.2% compared to last year; average residential square meter sales price 3 thousand 864 TL, average house price 444 thousand 360 TL, the return time of housing investment 22 years.

Sales price of residential square meters in Ankara 256 thousand 823 TL

House prices in Ankara increased by 11.6% compared to last year; average residential square meter sales price thousand 931 TL, average house price 256 thousand 823 TL, the return time of housing investment 17 years.

Sales price of residential square meters in Izmir 385 thousand 764 TL

In Izmir, the price of housing sales increased by 11.0% compared to last year; average residential square meter sales price 3 thousand 111 TL, average house price 385 thousand 764 TL, the return time of housing investment 20 years.

Foreign housing sales decreased

In June, sales of housing to foreigners decreased by 38.1% compared to the same month of the previous year, to 1,664. In the first 6 months of 2020, sales of housing to foreigners decreased by 28.5% compared to the same period of the previous year to 14,262. In June, iran, Iraq, China, Azerbaijan and the Russian Federation were the largest nationals of turkey.

The price of second-hand real estate has increased

Evaluating the housing sales volumes in June, Endeksa.com Co-Founder and General Manager Görkem Öğüt said that the real estate sector, which sold at a record level in December 2019, started 2020 quickly, but with the effect of the pandemia process, residential sales units in April and May were well below last year. the price of hand real estate has increased," he said.

He added:

There are 3 factors of increase

"As of the end of June, we see that the price of housing sales in Turkey increased by 14.4% compared to last year. We can link the sales price increase in the first 6 months of 2020 to three factors, mainly; The first is that from September 2019, the sector is already on the upward curve; The second is the increase in demand for new housing due to the change in our living conditions and a very attractive housing loan campaign announced in early June. We anticipate that 2020 will close with a rise in the sector."