Average Housing Sales Price Across Turkey 443 thousand 300 TL, Return Time 20 years

Housing sales across Turkey increased 31% in August compared to the previous month and decreased by 17% compared to the same month of the previous year to 141,400. According to the data of technology-oriented real estate valuation platform Indexsa.com, the annual value increase in housing sales prices in Turkey at the end of August is 30%. The average sales price per square meter of housing throughout Turkey was 3 thousand 410 TL, the average housing price was 443 thousand 300 TL and the return period of housing investment was 20 years.

Istanbul first place in housing sales

In August, Istanbul had the highest share in housing sales with 24,286 housing sales and 17%. According to the number of sales, Istanbul was followed by Ankara with 13 thousand 642 housing sales and 10% share, 7 thousand 731 housing sales and Izmir with 6% share. According to the Endeksa data, as of the end of July, the value increase in housing sales prices in Istanbul was 26%, average housing square meter sales price is 5 thousand 21 TL, average housing price 547 thousand 285 TL. Housing prices in Ankara increased 25% over the past year, the average sales price per square meter of housing is 2,592 TL, the average housing price is 321 thousand 490 TL. In Izmir, the annual value increase was 32%, the average housing square meter sales price was 4 thousand 539 TL, and the average housing price was 534 thousand 125 TL.

Aydın, Muğla and Antalya respectively

According to the Endeksa data, the provinces with the highest annual value increase in 30 provinces with the highest housing sales in August were Aydın, Muğla and Antalya respectively, while housing prices in Aydın are a last The average sales price per square meter of housing was 4 thousand 987 TL, the average housing price was 629 thousand 720 TL. Annual value increase in housing prices in Muğla 55%, average housing square meter sales price 8 thousand 925 TL, average housing price 1 million 54 thousand 170 TL, and annual value increase in housing prices in Antalya It was 45%, the average housing square meter sales price is 4 thousand 323 TL, the average housing price is 495 thousand 500 TL.

Sales price value change in 30 provinces with maximum housing sales

Mortgage housing sales increased by 33% compared to previous month

In August, sales of mortgage housing in Turkey increased 33% compared to the previous month and up by 64% compared to the same month last year to 27,375. The share of mortgage sales in total housing sales amounted to 19%. Second-hand housing sales increased 31% compared to the previous month and fell by 17% compared to the same month last year to 98,761. Used housing sales accounted for 70% of total sales. The sale of housing to foreigners increased by 31% compared to the previous month and 51% compared to the same month last year to 5 thousand 866.

Used housing sales accounted for 70% of total sales

When evaluated from January to August 2021, housing sales decreased by 22% compared to the same period last year, 801 thousand 995. In this period, mortgage housing sales amounted to 151 thousand 96 with 68% reduction, and second-hand housing sales amounted to 558 thousand 806 with 21% reduction. During this period, loan housing sales accounted for 19% of total sales, while second-hand housing sales accounted for 70% of total sales.