Annual Value Increase in Residential Sales Prices in May Across Turkey At 116%

Residential sales across Turkey increased by 32% in May compared to the previous month, the same as the previous year decreased by 8% compared to 113 thousand 276. Artificial intelligence and big data analysis methods According to the data of the index, which makes reliable real estate valuation using Turkey in May As of, the annual value increase in housing sales prices amounted to 116%. Turkey The average housing square meter sales price throughout the area is 18 thousand 862 TL, the average housing price is 2 60 TL million 452 thousand, and the return period of housing investment was 16 years.

The average square meter price in Istanbul, which has the highest share of housing sales, was 29 thousand 646 TL

Istanbul 18 thousand 435 residential sales and 16% in residential sales in May had a high share. By sales numbers Istanbul with 11 thousand 196 housing sales and 10% share, Ankara, 6 thousand 158 residential sales and 5% share followed by Antalya. According to Endeksa data, the annual value of housing sales prices in Istanbul as of the end of May increase of 107%, average housing square meter sales price 29 thousand 646 TL, average housing price 3 million 557 thousand 520 TL. Housing prices in Ankara increase 131% in last year showed that the average housing square meter sales price is 14 thousand 829 TL, the average housing price is 1 million 927 thousand 770 TL. In Antalya, the annual value increase of 118%, average residential square meter sales price 27 thousand 424 TL, the average housing price is 3 million 373 thousand 152 TL.

According to Endeksa data, the top 30 provinces with the most residential sales in May The provinces with the highest annual value increase are Hatay, Ankara and Ordu, respectively. Housing in Hatay prices increased by 157% in the last year, the average sales price of residential square meters is 13 thousand 66 TL, average housing sales price 2 million 51 thousand 362 TL, housing sales prices in Ankara value increase 131%, average housing square meter sales price 14 thousand 829 TL, average housing price of 1 million 927 thousand 770 TL and value increase in housing sales prices in Ordu 124%, average housing square meter sales price 14 thousand TL, average housing price 1 million 820 thousand 130 thousand TL was.

Mortgage Sales Share Was 24%

Mortgage housing sales across Turkey increased by 26% in May compared to the previous month, compared to the previous month It was 27 thousand 476, a decrease of 6% compared to the same month of the year. Total residential sales In the share of mortgage sales amounted to 24%.

Number of First Hand Housing Sales Was 34 Thousand 413

The number of first hand residential sales across Turkey, in May to the same month of the previous year According to 34 thousand 413, an increase of 5%. Total residential sales in first-hand housing The share of sales was 30%. First-hand residential sales in the period January to May 2023 compared to the same period of the year decreased by 11% and amounted to 145 thousand 272.

Second-Hand Housing Sales Increased 34% From The Prior

Second-hand housing sales increased by 34% in May compared to the previous month, compared to the previous month to the same month of the year 12% reduction according to showing was 78 thousand 863. Total residential sales in second hand housing sale The share was 70%. secondhand residential sales in the period January-May 2023 to the same period of the previous year decreased by 18% to 336 thousand 871% took place.

Housing Sales to Foreigners 3 Thousand 167

Residential sales to foreigners increased by 24% in May compared to the previous month, compared to the previous year. decreased by 47% compared to the same month, it was 3 thousand 167. Total residential sales in May The share of housing sales to foreigners was 3%. First in housing sales to foreigners took the turn of Antalya with the sale of 245 thousand housing. Antalya, respectively, 934 housing With the sale of Istanbul, 249 housing sales followed by Mersin.

Görkem Ögüt, Co-Founder and General Manager of the Endeksa, which evaluated the data, took place in Kahramanmaras emphasizing that the effects of the earthquake are felt on the housing market, he said, “In May 2023, Turkey's most When evaluating the first 30 provinces with a lot of housing sales, the province with the highest annual value increase It appears to be Hatay. A similar situation exists in the rental housing market. In the last year across Turkey Hatay, Malatya and Kahramanmaras affected by the earthquake in the first three provinces with the greatest value increase in rental housing was. Annual rental housing stock in earthquake-affected provinces with an increase in rental housing values a marked decline was recorded. Number of residential sales When we evaluate, we see that last year January-May period occurred below 18%. This decline is the main The reasons for the high rise in housing prices and the use of loans that have continued for the past few years We can say that there is limiting. Sale of real estate in the coming period with the conclusion of the selection process We anticipate an increase in menstruation. With the summer season, especially in our regions such as Urla, Cesme, Antalya and Muğla, both for sale and rental housing side Waiting for mobility. Spoke in the form.