- Jul 22, 2019
- Reading time: 4 minutes
Summer prices 300.690-1.078.380 TL, rent price between 988-2.167 TL
The index analyzed the price of housing in the summer regions, the rates of evaluation in recent years, and the rent prices.
Technology-oriented real estate valuation platform according to the analyses of Endeksa. com, the lowest price increase in the last 4 years is 36% in summer regions. In some regions, this rate increased to 70-80%, while the highest increase was 118% in Kas. After Kaş, there are remarkable increases in Marmaris, Ayvalık, Foca and Bodrum. The last 4-year price increase in Marmaris was 93%, 90% in Ayvalik, 88% in Foça and 84% in Bodrum. Given that housing prices increased 14% throughout Turkey in the last 4 years and 7% in Istanbul, it is determined that the price increase in the summer regions is quite high.
Affordable summer Zones
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According to the analysis of the Endeksa, the most affordable residences in the summer regions are in Silivri, Alanya, Ayvalık, Kusadasi and Foça respectively. The average house price in Silivri is 300,690 tl, 335,800 tl in Alanya, 336,050 in Ayvalik, 372,120 in Kusadasi and 373,000 TL in Foça. Given the lease return on the housing investment in the summer regions, the last 4 years have been valued between 50% and 137%.
Average Price (TL) | Acute Rent (TL) | Fallback Duration (years) | Last 4 years Price increase | Last 1 year Price increase | 4 years old Total Return (%) | 4 years old Increase in rent (%) | |
| Kemer | 600,900 | 1,478 | 27 | 36% | 40.09% | 49.90 | 108 |
| Marmaris | 507,600 | 1,964 | 22 | 93% | 13.56% | 122.01 | 94 |
| Alanya | 335,800 | 1,320 | 22 | 77% | 24.99% | 100.79 | 79 |
| Fethiye | 443,430 | 1,267 | 27 | 62% | 16.60% | 81.96 | 64 |
| Ayvalık | 336,050 | 1,029 | 27 | 90% | 4.51% | 116.39 | 53 |
| Bodrum | 805,680 | 2,167 | 27 | 84% | 6.18% | 109.34 | 44 |
| Şile | 534,760 | 1,240 | 27 | 58% | -2.01% | 80.46 | 38 |
| Silivri | 300,690 | 988 | 26 | 50% | 2.80% | 72.67 | 36 |
| Kuşadası | 372,120 | 1,207 | 22 | 71% | 4.68% | 101.13 | 31 |
| Foça | 373,000 | 1,440 | 21 | 88% | -0.34% | 119.03 | 22 |
| Çeşme | 1,078,380 | 1,980 | 37 | 77% | 0.57% | 93.69 | 17 |
| Kaş | 940,470 | 1,753 | 40 | 118% | 32.98% | 137.21 | 11 |
| Datça | 416,765 | 999 | 34 | 73% | -1.50% | 98.46 | -22 |
Summer rents 988-2.167 TL
Summer rents vary between TL 988 and TL 2,167. The average rent in Silivri, Datça and Ayvalik is 1000 tl, Kusadasi, Şile, Fethiye and Alanya in the range of TL 1200-1300, in Foça and Kemer at 1500 TL level. The most high-rent areas are Bodrum, Cesme, Marmaris and Kaş, respectively. Average rent in Bodrum 2,167 tl, 1,980 tl in Cesme, 1,964 TL in Marmaris, 1,753 TL in Kas.
According to the Endeksa data, the rent varies from 11% to 108% in the summer regions. In Datça, rents have declined by 22% in the last 4 years. The most frequent rental areas are Kemer, Marmaris, Alanya, Fethiye and Ayvalık respectively. In the last 4 years, rents 108% in Kemer, 94% in Marmaris, 79% in Alanya, 64% in Fethiye and 53% in Ayvalik.
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Index marketing and Sales group President Aylin Daylan, foreigners, mostly for citizenship from Turkey, stating that they bought housing, "Antalya and Muğla from the summer regions of foreigners are the areas of housing. The most residential cities of foreigners in Antalya 2 ' NCI, and Mugla ranks 8. While Europeans mostly prefer the summer regions, we see that Arab investors prefer the regions that are more green and natural beauties, such as Bursa, Yalova, Sakarya, Trabzon, "he said.