- Jan 14, 2022
- Reading time: 4 minutes
The average housing price in Turkey was 678 thousand 84 TL
According to TÜİK figures, 226,503 houses were sold throughout Turkey in December. Sales of housing with these units increased by 27% compared to the previous month and 114% compared to the same month last year. According to data from Endeksa.com, as of the end of December, the annual value increase in housing sales prices across Turkey was up 63%, while average square meters of housing across Turkey price of 5 thousand 137 TL, the average housing price was 678 thousand 84 TL, the return period of housing investment was 18 years. In 2021, the most residential sales provinces were Istanbul, Ankara and Izmir, respectively. 276 thousand 223 sales took place in Istanbul, which is the most sales.
In December, 226,503 housing was sold throughout Turkey. With this figure, housing sales increased 27% compared to the previous month and 114% compared to the same month last year. Sales of second-hand housing in December increased by 22% compared to the previous month, 117% compared to the same month last year to 149 thousand 756 units, and mortgage housing sales 209% compared to the same period of the previous year increased to 45 thousand 260.
According to data from technology-oriented real estate valuation platform Endeksa.com, as of the end of December, the annual value increase in residential sales prices across Turkey was 63%. The average sales price of square meters of housing across Turkey was 5 thousand 137 TL, the average housing price was 678 thousand 84 TL, the return period of housing investment was 18 years.
Maximum value increase in Istanbul, Izmir and Ankara, respectively
In 2021, the most residential sales were Istanbul, Ankara and Izmir, respectively. 276 thousand 223 sales were made in Istanbul, with the most sales with a share of 19%, and 144 thousand 104 with 10% share in Ankara was sales of pieces. In Izmir, 86 thousand 772 sales took place with a 6% share.
According to the data of Index, the most sales occurred in the 3 years in Istanbul, Izmir and Ankara, respectively. Residential sales prices in Istanbul have increased by 74% in the last 1 year, the average housing price per square meter is 8 thousand TL 163, the average housing price is 690 thousand TL, the return time of housing investment is 16 years. The annual value increase in housing sales prices in Izmir is 55%, average residential square meter sale price 6 thousand 563 TL, average housing price 658 thousand 625 TL, return time of housing investment 21 years. In Ankara, the annual value increase in residential sales prices is 50%, average housing price per square meter sale price 3 thousand 69 TL, average housing price 379 thousand 990 TL, return time of housing investment 17 years.
Aydın, Antalya and Balıkesir
According to the Endeksa data, Aydın, Antalya and Balıkesir were the highest annual value growth in Turkey. Annual value increase in residential sales prices in Aydınd is 81%, average residential square meter sale price 7 thousand 465 TL, average housing price 821 thousand 607 TL, return time of housing investment 31 years. Annual value increase in prices of housing sales in Antalya is 78%, average residential square meter sale price 6 thousand TL 850, average housing price 639 thousand TL, return time of housing investment 19 years. The annual value increase in the prices of housing sales in Balıkesir is 77%, the average residential square meter sale price is 5 thousand 792 TL, the average housing price is 552 thousand 240 TL, the return time of housing investment is 26 years.
Total 1 million 491 thousand 856 housing sold in 2021
In the total of 2021, 1 million 491 thousand 856 housing sales took place. Sale of second-hand housing amounted to 1 million 30 thousand 333 units and loan housing sales amounted to 294 thousand 530. In 2021, the number of housing sales decreased 0.5% compared to last year, sales of second-hand housing increased 0.1%, The number of loan housing sales decreased by 49%. In 2021, the share of second-hand housing sales was 69% and the share of loan housing sales was 20%.
Sales to foreign amounted to 58 thousand 576 units
In 2021, the number of sales to foreign nationals amounted to a total of 58 thousand 576 units. Sales of housing to foreigners increased 44% compared to last year. The nationals receiving the most housing from Turkey were Iran, Iraq, the Russian Federation, Afghanistan and Germany.
Evaluating the data, Endeksa Founder Partner and General Manager Görkem Öğüt said, “In December, the number of residential sales reached the highest level in 2021. The last month where housing sales were seen over 200 thousand was July 2020 after the attractive housing loan campaign in June 2020. Annual value increase in housing prices across Turkey is 63% and 2-year value increase at 132%. Looking at these figures, we see that real estate investment yields higher returns than currency. We can say that real estate will continue to be an attractive investment tool in the coming period.”