Housing sales across Turkey increased 8% in September compared to the same month last year

Housing sales across Turkey increased by 4% in September compared to the previous month and increased by 8% compared to the same month of the previous year to 147 thousand 143. According to the data of the technology-oriented real estate valuation platform Indexsa.com, the annual value increase in housing sales prices in Turkey at the end of September occurred at 30% level, The average sales price per square meter of housing throughout Turkey was 3 thousand 483 TL, the average housing price was 452 thousand 790 TL and the return period of housing investment was 20 years.

Value increase in housing sales prices in Istanbul by 27%

In September, Istanbul had the highest share of 28,229 housing sales and 19% in housing sales. According to the number of sales, Istanbul was followed by 14 thousand 218 housing sales and Ankara with 10% share, 8 thousand 806 housing sales and 6% share in Izmir. According to the Endeksa data, as of the end of September, the value increase in housing sales prices in Istanbul was 27%, average housing square meter sales price is 5 thousand 146 TL, average housing price 567 thousand 525 TL. Housing prices in Ankara increased 24% over the past year, the average sales price per square meter of housing is 2,630 TL, the average housing price is 330 thousand 330 TL. In Izmir, the annual value increase was 32%, the average housing square meter sales price was 4,000 637 TL, and the average housing price was 553 thousand 875 TL.

Aydın, Muğla and Balıkesir

Aydın, Muğla and Balıkesir, respectively, were the provinces with the highest annual value increase in 30 provinces with the highest housing sales in September. Housing prices in Aydın increased 59% over the past year, the average sales price per square meter of housing is 5 thousand 156 TL, average housing price 666 thousand 366 TL. Annual value increase in housing prices in Muğla 55%, average housing square meter sales price 9 thousand 277 TL, average housing price 1 million 131 thousand 390 TL. In Balıkesir, the annual value increase in housing prices was 45%, while the average housing square meter sales price is 4 thousand 67 TL, the average housing price is 455 thousand 280 TL.

Mortgage housing sales increased by 9% compared to the previous month in September to 29,759

Mortgage housing sales in September in Turkey increased 9% compared to the previous month and 16% compared to the same month last year, up 29,759. The share of mortgage sales in total housing sales amounted to 20%. Second-hand housing sales increased by 4% compared to the previous month and 8% compared to the same month last year, amounted to 103 thousand 176. Used housing sales accounted for 70% of total sales. The sale of housing to foreigners increased by 13% compared to the previous month and 26% compared to the same month last year to 6,000 630.

Mortgage housing sales decreased by 64% and second-hand housing sales decreased by 17% in January-September 2021

When evaluated from January to September 2021, housing sales decreased by 18% compared to the same period last year and amounted to 949 thousand 138. During this period, the sale of mortgage housing was 181 thousand 855 with a 64% reduction, second-hand housing sales were 661 thousand 982 with a 17% reduction, and sales of housing to foreigners increased by 43% to 37 thousand 479. During this period, loan housing sales accounted for 19% of total sales, 70% of second-hand housing sales and 4% for foreign sales.

Sales price value change in 30 provinces with maximum housing sales