- Sep 16, 2020
- Reading time: 4 minutes
Beykoz in Istanbul, Rod in Ankara, Menderes in Izmir were the districts that gained the most value
According to current data from Indexa.com, house prices across Turkey increased by 2% in August, and the last year's value growth stood at 22%. In the 3 major cities with the most residential sales, there was a 15 percent increase in Istanbul, 17 percent in Ankara and 18 percent in Izmir. In the last year, Beykoz in Istanbul, Rod in Ankara and Menderes in Izmir were the districts that gained the most value.
15 percent in Istanbul, 17 percent in Ankara
In December 2019, record levels of residential sales took place, and the real estate sector started 2020 fast. However, with the effects of the Covid-19 outbreak seen in Turkey, housing sales units fell, especially in April and May. With attractive housing loans, the sector quickly recovered and in July a historic residential sales record was broken. In August, both heavy demand met in June and July, as well as changes in credit conditions, housing sales slowed, but sales were still above 54% last year. As of the end of August, there were 1 million 24,534 residential sales across Turkey, 43% higher than in the same period last year.
According to the current data of Indexa.com, house sales prices across Turkey have increased by 22 percent in the last year when the real estate sector is moving. In the 3 major cities with the most residential sales, there was a 15 percent increase in Istanbul, 17 percent in Ankara and 18 percent in Izmir.
Beykoz was the highest value winner in Istanbul
The district of Istanbul that gained the most value in the last year was Beykoz with 46.53 percent. Beykoz was followed by Basaksehir with 42.31 percent and Hunters with 31.50 percent.
Most in Istanbul Value-Winning Counties
|
Districts |
Average Square meters Sales Price (TL/m2) |
Back Return Time (Year) |
Annual Value Change (%) |
|
Beykoz |
8.985 |
49 |
46,53 |
|
Başakşehir |
5.008 |
23 |
42,31 |
|
Hunters |
3.185 |
21 |
31,50 |
|
Beylikdüzü |
2.994 |
19 |
30,12 |
|
Ataşehir |
5.415 |
25 |
29,55 |
|
Kadikoy |
8.621 |
34 |
22,72 |
|
Buyukcekmece |
3.650 |
26 |
21,18 |
|
Küçükçekmece |
4.116 |
20 |
21,02 |
|
Silivri |
2.731 |
25 |
19,99 |
|
Sam |
11.371 |
34 |
19,90 |
The most interest in Ankara is rod, gölbaşı and etimesgut
The districts that gained the most value in Ankara were Rod with 27.60 percent. Bar was followed by Golbasi with 25.96 percent, Etimesgut with 24.40 percent, Xinjianc with 24.09 percent and Pursak with 22.57 percent.
Most in Ankara Value-Winning Counties
|
Districts |
Average Square meters Sales Price (TL/m2) |
Back Return Time (Year) |
Annual Value Change (%) |
|
Bar |
1.447 |
20 |
27,60 |
|
Garcia |
2.926 |
19 |
25,96 |
|
Etimesgut |
2.218 |
18 |
24,40 |
|
Xinjiang |
1.597 |
21 |
24,09 |
|
Pursaks |
1.993 |
26 |
22,57 |
|
Akyurt |
1.160 |
21 |
22,11 |
|
Ch |
2.998 |
18 |
21,43 |
|
Win heroes |
1.535 |
22 |
21,25 |
|
Keçiören |
1.823 |
21 |
20,49 |
|
Şereflikoçhisar |
1.348 |
21 |
19,82 |
Menderes, Cesme and Güzelbahçe in Izmir top three
In Izmir The districts that have gained the most value in the last year, respectively Menderes, Cesme, Güzelbahçe, Ödemiş, and Bayındir. House prices in Menderes in the last year 28.87 percent increased, 28.72 percent increase in Cesme; Percentage in Guzelbahçe 25,07; 24.44 percent in Ödemiş; Bayındir at 24.24 percent Took place.
Most in Izmir Value-Winning Counties
|
Districts |
Average Square meters Sales Price (TL/m2) |
Back Return Time (Year) |
Annual Value Change (%) |
|
Menderes |
3.674 |
28 |
28,87 |
|
Fountain |
9.582 |
41 |
28,72 |
|
Guzelbahçe |
6.021 |
27 |
25,07 |
|
Paid |
1.986 |
22 |
24,44 |
|
Bala |
1.999 |
18 |
24,24 |
|
Seferihisar |
3.399 |
23 |
21,52 |
|
Kayode |
4.168 |
21 |
20,85 |
|
Bag |
2.046 |
23 |
20,49 |
|
Buca |
2.987 |
18 |
20,35 |
|
Urla |
5.746 |
27 |
20,31 |