Falling interest rates raise prices on average 6% in second hand

Attractive mortgage prices increased the price of second-hand real estate

Evaluating data Endeksa.com Co-Founder and General Manager Görkem Öğüt, according to the Endeksa data House sales prices in Turkey fall since December 2018 as of September 2019, the ongoing downward curve has been repeated. asarise, stating, "The effect of the pandemin in our country to be seen In mid-March, when it started, the price of the house sale demanded across the country but since there is no demand in the market to meet this increase the increase in value did not occur so high. Reputation for early June highly attractive mortgage conditions provided by public banks with 2. the price of the hand-made properties has increased. According to our analysis, this increase rate is at an average level of 6%. we see it. When assessing this rate of increase, the fall at the end of 2018 housing prices have already tended to increase since September 2019. we think it should be kept in front of you," he said.

Evaluating the price increase experienced after the decrease in mortgage interest rates announced on June 1st, Görkem Öğüt said the increase was 5.95% in Istanbul; In Izmir %5,86; He said it was at 6.17% in Ankara.

Market 6 percent not enough to remove a sudden change

Admonition; "Landlords need rent positions against other vehicles as income, as well as investment they think they've been harmed during this time. This increase may be considered a reaction to this, but the market is a sudden 6% not enough to remove the change. For this purpose, the purchasing power is equally He needs to get better. As a matter of fact, the reactions appear to be in this direction. An opportunity to increase the price of this period for those who want to sell their real estate rather than seeing it as an opportunity to dispose of it. we recommend. Conditions offered by public banks are very important for the sector that there is an opportunity and well-evaluated by all stakeholders we believe that it is necessary," he said.

How are house sales prices in 3 major cities in the last 2 years Changed?

According to Indexa's data, the latest House sales prices in Istanbul decreased by 7.06% compared to 2 years ago from September 2019. Average residential square meters sales in Istanbul price 3.767 TL, average house price 433.205 TL, return of housing investment duration is 22 years.

Average in Izmir housing m2 price 3 thousand 069 TL; average house price 377 thousand 487 TL

Housing sales in Izmir prices have increased by 9.61% compared to 2 years ago. In Izmir average residential square meter sales price 3.069 TL; average house price 377,487 TL, the return period of housing investment is 20 years.

House prices in Ankara 3.71 percent Increased

House prices in Ankara 2 years 3.71% compared to before. Average residential square meters sales in Ankara price 1.875 TL, average house price 247,500 TL, return of housing investment duration is 16 years.