- Jan 25, 2019
- Reading time: 3 minutes
In 2018, the real estate was marked by legal arrangements and zoning peace
Endeksa.com, with the current data of Tüik data, evaluating the developments experienced in the real estate sector in 2018. In 2018, 1,375,398 houses were sold throughout Turkey, housing sales decreased by 2.4% compared to the previous year. However, housing prices increased by 19.39%. The heart of the sector in Istanbul, 4.91% of the housing was valued. The highest value increase is stated in Antalya when the housing value changes in the five major provinces are examined.
In 2018, housing prices increased 4.91% in Istanbul, 8.86% in Ankara, 11.47% in Izmir, 12.89% in Bursa and 19.86% in Antalya. According to the Endeksa data at the end of 2018, the average house sales price in Istanbul is 441,600 TL, the return time is 20 years; The average housing price in Ankara is 225,000 TL, the return time is 18 years; The average housing price in Izmir is 338,400 TL, the return time is 21 years; The average housing price in Bursa is 269,544 TL, the return time is 19 years; In Antalya, the average housing price was 241,320 TL and the return time was 21 years.
Average housing price in Turkey is 285,852 TL
According to the Endeksa at the end of 2018, the size of the housing in Turkey is 123 square meters, the housing sales price is 285,852 tl, the rent price is 1,456 tl and the return period of the housing investment is 17 years. In 2018, the most increasing housing prices in Turkey were Edirne, Aydın and Muğla. 32.07% in Edirne, 28.64% in Aydin, 22.42% increase in Muğla. According to current data, the average housing price in Edirne is 211,200 TL, the return time is 19 years; The average housing price in Aydın is 257,280 TL, the return time is 23 years; The average housing price in Muğla is 475,640 TL, the return time is 25 years.
Domestic sale increased 78.4%
Housing sales to foreigners increased by 78.4% in 2018 compared to the previous year. The first place in the sale of housing to foreigners in Istanbul with 14,270 housing, the second place was Antalya with 7,938 housing. Antalya 2,720 with the sale of housing in Bursa and 2,133, followed by the sale of housing Ankara.
Impact of infrastructure projects and regulatory regulations
Endeksa.com Founding partner and general manager Görkem Öğüt, who evaluated the developments in the real estate sector in 2018, said: "In the real estate sector of 2018, Kanal Istanbul, new metro routes, 1915 Çanakkale Bridge, Yavuz Sultan The importance of important transportation and infrastructure projects such as Selim Bridge, Osman Gazi Bridge, North Marmara Highway, Istanbul airport and the effect of the valuation report on zoning peace, immovable trade, regulation and deed operations Was a year when many important changes were on the agenda. In particular, we think that the regulation on the immovable trade and the necessity of valuation report in the deed transactions are very important developments for the regulation of the sector. Another prominent development in the real estate sector in 2018 is the increase of 78.4% compared to the previous year in housing sales for foreigners. Significant value increases have been seen in the cities where foreigners are buying housing. For example, the 2nd city, where foreigners received the most housing, 19.86% in Antalya, and the 3rd city, which received the most housing, 12.89% of the value increase was seen in Bursa. "