- Apr 16, 2020
- Reading time: 3 minutes
In March, house sales prices increased by 0.9% and rents by 0.4%
Endeksa.com the technology-oriented real estate valuation platform, evaluated the real estate data for March 2020 announced by TÜİk. According to TURKSTAT data, in March, housing sales across Turkey fell by 8.5% compared to February. Compared to March last year, it increased by 3.4%, to 108,670 units.
0.9% in house sales prices, rents 0.4% increase
March House sales prices increase by 0.9% and rents by 0.4% showed me. In the first quarter, sales prices were 2.8%; rents increased by 1.3%. Average residential square meters sales in Turkey as of the end of March price 2.269 TL, the return period of the housing investment is 17 years.
Sales didn't fall much
Turkstat's february real estate data evaluating the Endeksa.com Co-Founder and General Manager Görkem Öğüt, Top three of 2020 33 percent of residential sales units last year compared to the same period "From December onwards, housing sales units looking at the sector was seen to be quite positive. Influence the whole world the effects of the Covid-19 outbreak from mid-March we started to see it in our country. Previously started in March so the residential sales units did not fall too much. we see it. As Index, we can do our best to our business partners in this process. We continue to support as much as possible," he said.
The sector will recover quickly when the process is over
April They expect a decrease in customs in the month of Öğüt, like many sectors real estate sector is also affected by the outbreak, but the process is being accumulated demands will be added, so the sector will be able to he added that he would recover.
1, 2020. Total 341,031 units per quarter housing sale took place
According to TUIK data, Turkey housing sales fell 8.5% in March 2020 compared to the previous month. Compared to the same month last year, it increased by 3.4% to 108,670. 2020 A total of 341,031 residential sales were realized in the 1st Quarter. This number has been passed 29.4% below the quarter, 2019 1. It's 33% above the quarter.
The highest share of Istanbul
March Istanbul received the highest share in residential sales with 18.3%. Istanbul Ankara with 11.4% share, Izmir with 6.6%, Antalya with 4.9% share, 3.5% share Bursa watched. When the value change in the provinces with the most residential sales is examined The highest increase appears to be in Antalya. According to the Endeksa data in Istanbul 2.3% increase in housing sales prices, 1.0% increase in Ankara, 4.8% increase in Izmir, There was an increase of 7.8% in Antalya and 1.8% in Bursa. As of the end of March average residential square meter sales price 3.651 TL in Istanbul, 1.823 TL in Ankara, 2.985 TL in Izmir, 2.419 TL in Antalya and 2.119 TL in Bursa.
129.299 mortgaged houses sold
2020 Mortgage dwelling sales in March fell 0.9% compared to the previous month; last year's it increased by 90.4% compared to the same month and was 43,329. Total housing 39.9% of mortgaged sales. 2020 A total of 129,299 mortgaged houses were sold in the 1st quarter.
Sales to foreigners decreased
Strangers housing sales are 24.2% compared to the previous year; compared to the same month last year 3.0% decreased to 3,036. The most residential areas from Turkey in March foreign nationalities, Iran, Iraq, the Russian Federation, Afghanistan and It's Palestine.

