- Aug 4, 2017
- Reading time: 2 minutes
The return time of the residence in Turkey at least 16 years
Technology-oriented real estate valuation Platform Index. com, the average return times according to the provinces are presented with current data, providing an important convenience to investors. According to Endeksa.com data, the return time of the residence is 25 years in Trabzon, 21 years in Istanbul, 20 years in Izmir and Antalya, 19 years in Samsun, 18 years in Konya, 17 years in Bursa and Diyarbakir, and 16 years in Ankara.
Www.endeksa.com uses the advanced possibilities of digital technologies in real estate valuation, it instantly offers the average turnaround times when any province is entered into the system. Average turnaround times according to them; Average gross area, average unit price and average housing prices are provided with the knowledge.
21 years in Istanbul, 20 years in Izmir, 16 years in Ankara
In the first three major cities according to the end of July data in the Endeksa, the average gross area of the houses in Istanbul 118 M2, the average unit price is 4,400 tl/m2, the average housing price is 517,000 TL and the average return time is 21 years. Average values in Ankara gross area 133 m2, Unit price 1,850 tl/m2, housing price 244,000 TL and the return time is 16 years, the gross area in Izmir 124 m2, Unit price 2,675 tl/m2, the house price is 330,000 TL and the return time is determined as 20 years.
17 in Bursa, 20 years in Antalya
When the average housing data of the provinces is examined in the Endeksa, the gross area of Bursa is 142 m2, the unit price is 1,875 tl/m2, the average housing price is 266,000 TL, the return period is 17 years. In Antalya, the gross area is 129 m2, the unit price is 1,975 tl/m2, the housing price is 253,000 TL, the return time is 20 years.
Trabzon, 25, 19 years in Samsun
According to the Endeksa, the average gross area in Trabzon is 162 m2, the unit price is 1,650 tl/m2, the housing price is 267,000 TL, the return time is 25 years. In Samsun, the average gross area is 144 m2, the unit price is 1,425 tl/m2, the housing price is 201,000 TL, the return time is 19 years.
17 in Diyarbakir, 18 years in Konya
In Diyarbakir, the residences are self-paying in 17 years and in Konya in 18 years. The average gross area in Diyarbakir is 152 m2, the unit price is 1,075 tl/m2, the housing price is 162,000 TL. In Konya, the average gross area is 160 m2, the unit price is 1,350 tl/m2, the housing price is 213,000 TL.
For the determination of the error rates in the province based on the value estimation algorithms of the Endeksa, the value of the previously known number of residences in each province is being revalued with the Endeksa.