House Sales Prices Across Turkey Increased by 22% Annually as Late August

Average housing square meters sales price 2 thousand 569 TL

Technology according to data of Endeksaa.com, the focused real estate valuation platform across the house price rose 2 percent in August and the last year the value increase was 22 percent. Average housing in Turkey sales price per square meter 2 thousand 569 TL, average house sales price 333 thousand 970 TL, average rent thousand 415 TL, the return period of housing investment 18 years.

3 in Istanbul and Izmir, Starting at 2 thousand TL in Ankara

Most value change in provinces with over-the-top housing sales examined in Istanbul prices are 1 percent in August and 15 percent compared to the same month last year increased. Average residential square meter sales price in Istanbul 3 thousand 934 TL, average house sales price 440 thousand 608 TL, average rent thousand 589 TL, housing the return period of the investment is 22 years. In Ankara, house prices were the previous 1 percent month-on-month, 17 percent increase compared to last year. Average in Ankara residential square meters sales price 2 thousand TL, average house sales price 264 thousand TL, average rent thousand 309 TL, the return period of housing investment is 17 years. In Izmir value increase in house prices 1 percent in August and 18 percent in the last 1 year in the 1990s. Average residential square meter sales price in Izmir 3 thousand 292 TL, average house sales price 408 thousand 208 TL, average rent thousand 619 TL, housing the return period of the investment is 20 years.

30 thousand 292 in Istanbul housing sold

August istanbul in the month, with 30 thousand 292 residential sales and 18 percent share is the most sales it became a province. According to the sales numbers, Istanbul is sold 17,131 houses and 10 percent Ankara with a share, izmir with 11 thousand 145 residential sales and 7 percent share.

Total 1 million 24 thousand 534 in 2020 housing sold

August a total of 1 million 24 thousand 534 residential sales in 2020 as of the end of the month and increased by 43 percent compared to the same period last year. Same during the period, mortgaged housing sales were 264 percent, 11 percent of first-time homes sold, second-hand home sales rose 63 percent.

Mortgage sales are a 42 percent from the previous month

August 2020 housing sales in the month decreased by 26 percent compared to the previous month, last month Compared to the same month of the year, it increased by 54 percent to 170,408. Mortgage sales fell 42 percent from the previous month to the same month last year. 123 percent of the total residential sales, according to the Created.

Used housing sales increased by 69 percent compared to the same month last year

Turkstat 69 percent of sales in August were used, according to data housing sales. Second-hand housing sales 27 percent compared to last year the decline increased by 69 percent compared to the same month last year.

In 2020 second-hand and mortgaged housing sales are on the rise

Endeksa.com Co-Founder and General Manager Görkem "Due to pandemic, especially in April and May, experiencing contraction real estate sector revived with attractive mortgage campaign and July a historic record was reached in residential sales in the month. Both real estate and due to the change in credit conditions. Although we saw in August that housing sales had declined compared to the previous month, Residential sales in 2020 are 43 percent above the same period last year. 2020 especially second-hand and mortgaged housing sales are increasing in the year. In parallel with the increase in housing demand, housing sales throughout Turkey prices also increased by 22 percent," he said.