Average Housing Sales Price Across Turkey 431 thousand 80 TL, return time 20 years

Housing sales across Turkey decreased by 20.0% in July compared to the previous month and 53.0% compared to the same month of the previous year, and 107 thousand 785%. Istanbul had the highest share in housing sales with 18,884 housing sales and 17.5%. According to the number of sales, Istanbul was followed by 10 thousand 605 housing sales and Ankara with 9.8% share, 5 thousand 782 housing sales and Izmir with 5.4% share.

Annual value increase in housing sales prices 29.4%

According to the current data of Indexsa.com, as of the end of July, the annual value increase in housing sales prices in Turkey is 29.4%, while the average housing throughout Turkey The sale price of square meters was 3 thousand 316 TL, the average housing price was 431 thousand 80 TL, and the return period of housing investment was 20 years.

Aydın, Muğla and Antalya

According to the Endeksa data, Aydın, Muğla and Antalya, respectively, the provinces with the highest annual value increase in 30 years with the largest sales of housing in July. In Aydın, housing prices increased 58.8% over the past year, while the average housing price was 4,000 758 TL, and the average housing price was 592 thousand 900 TL. Annual value increase in housing prices in Muğla 54,4%, average housing square meter sales price is 8 thousand 515 TL, average housing price is one million 3 thousand 730 TL. In Antalya, the annual value increase in housing prices is 44.2%, while the average housing square meter sales price is 4 thousand 160 TL, the average housing price is 473 thousand 500 TL.

The most residential sales are Istanbul, Ankara and İzmir

In July, the most residential sales were Istanbul with 18 thousand 884 units and 18% share, Ankara with 10 thousand 605pcs and 10% share, Izmir with 5 thousand 782 units and 5% share. According to the Endeksa data, as of the end of July, the value increase in housing sales prices in Istanbul was 24.2%, average housing square meter sales price 4 thousand 866 TL, average housing price 526 thousand 110 TL. Housing prices in Ankara increased by 25.0% over the past year, the average sales price per square meter of housing is 2,538 TL, and the average housing price is 312 thousand TL. In Izmir, the annual value increase is 32.3%, the average housing square meter sales price is 4 thousand 412 TL, the average housing price is 514 thousand TL.

Mortgage housing sales decreased 28.8% compared to previous month

Mortgage housing sales in July in Turkey decreased by 28.8% compared to the previous month, while 84.3% compared to the same month last year was 20,553. The share of mortgage sales in total housing sales amounted to 19.1%. Second-hand housing sales decreased by 20.6% compared to the previous month and 53.5% compared to the same month last year, and 75 thousand 113. Used housing sales accounted for 69.7% of total sales. Housing sales to foreigners fell 5.3% compared to the previous month and 64.0% compared to the same month last year amounted to 4,000 495.

Second-hand housing sales amounted to 460 thousand 45 with 21.8% reduction

When evaluated from January to July 2021, housing sales decreased by 22.7% compared to last year and amounted to 660 thousand 595. In this period, mortgage housing sales amounted to 124 thousand 721 with 68.6% reduction, and second-hand housing sales amounted to 460 thousand 45 with a decrease of 21.8%. During this period, loan housing sales accounted for 18.9% of total sales, while second-hand housing sales accounted for 69.6% of total sales.