Second hand housing sales increased 37% compared to last quarter of 2021

According to the report “Second Hand Housing Market” prepared in cooperation with TÜGEM and Endeksa, as of the end of the 3rd quarter of 2021, housing prices were increased by 30% annually throughout Turkey and the average in Turkey The sale price of square meters of housing is 3.483 TL, the average depreciation period was 20 years, the average marketing time was 65 days. It was Balıkesir.

In the 3rd quarter, the number of housing sales decreased by 26% compared to the same period last year

In the 3rd quarter of 2021, 396,328 housing sales took place. The number of housing sales increased by 37% compared to the previous quarter; compared to the same period last year, it decreased by 26%.

Annual value increase in housing prices in Istanbul 27%

In Istanbul, where 71,399 units and 18% of housing sales in the 3rd quarter, housing prices increased by 27% in 1 year, and the average sales price of square meters was TL 5.146.

The average sales price of square meters in Ankara was 2.630 TL.

Ankara accounted for 38,465 units and 10% of housing sales in the 3rd quarter, and housing prices increased by 24% over the last year, with the average sales price of TL 2,630 per square meter.

22,319 housing sold in Izmir

There were 22,319 sales in İzmir, where 6% of housing sales accounted for, and housing prices increased 32% over the last year, and the average square meter sales price was TL 4,637.

Maximum number of stocks in Istanbul

The largest number of inventories is seen to be in Istanbul in the 50 provinces where the most residential sales took place. By the end of the 3rd quarter, there are 257,507 housing stocks in Istanbul. Stock quantity is 135,853 in Ankara and 76,400 in Izmir.

Most value increases in Aydın, Muğla and Balıkesir

Aydın, Muğla and Balıkesir, respectively, were the provinces with the highest value increase in 50 provinces where the most housing sales took place. Annual value throw in housing prices in Aydın 59%, average square meter sales price is 5.156 TL. Housing prices in Mugla increased 55% over the past year, with an average sales price of $9.277. In Balıkesir, the annual value increase in housing prices is 45% and the average housing square meter sales price is 4.067 TL. Muğla, Istanbul and Aydın, respectively, were the provinces where sales prices for square meters of housing are the highest in Turkey.

Used housing sales accounted for 70% of total sales

In the 3rd quarter 277,050 second-hand housing sales took place. With this figure, second-hand housing sales increased by 37% compared to the previous quarter, while last year decreased by 26% compared to the same period. Used housing sales accounted for 70% of total housing sales.

Loan housing sales accounted for 20% of total housing sales

In the 3rd quarter, loan housing sales accounted for 20% of total housing sales, amounted to 77,687 units. Loan housing sales increased by 36% compared to the previous quarter; compared to the same period last year, it fell 68%.

Housing sales to foreigners increased by 43% compared to the same period last year

A total of 16,991 housing sales to foreign nationals took place in the 3rd quarter. With this unit, the sale of housing to foreigners increased by 60% compared to the previous quarter; 43% compared to the same period last year.

TÜGEM Founder President Hakan Akdoğan, who evaluated the report, said, “The recent increases in rental costs have reduced the depreciation time in real estate. That is why in some regions the depreciation period decreased to 16-18 years. In real estate, we can say that prices will continue to rise, especially in the 2nd hand.”

Görkem Öğüt, Founder Partner and General Manager of Endeksa said, “We see that the real estate sector, which is having difficult days during the closing periods in the early days and after the pandemic, is on the rise again. 2021 In the 3rd quarter of the year, the number of housing sales and the number of second-hand housing sales increased by 37% compared to the last quarter. We think the number of housing sales in this year will close at the levels of last year,” he said.

REPORT DOWNLOAD