Real estate sector closes the year well despite pandemic

Index Co-Founder and General Manager Görkem Öğüt, in his determinations about 2020; He said that the sector was hit quite negatively by the pandemic in March, April and May, and that they saw this with sharp decreases in housing sales. He stated that the sector has recovered with the attractive home loan campaign announced and that they expect the year to close with a sales figure above last year.

Adding that they have seen a decrease in house sales prices throughout Turkey since the last quarter of 2018 and that the sector, which started to recover as of September 2019, started 2020 fast, He evaluated the year 2020 and made important predictions for 2021.

Record sales in July

In March 2020, with the effects of the pandemic starting to appear in our country, we saw significant decreases in housing sales in April and May. In march 2020, June, the new living order created the demand for new housing with the introduction of quarantine concept for the first time in our lives. The demand for summer areas, detached and gardened houses has increased. With home loan interest rates being cut to 0.65 in June, the number of home sales increased in June and record sales in July. With loan interest rates rising again and demand largely met during the campaign period, the quantity began to fall from August. As a result of the re-rise in the pandemic, housing sales were lower in September, October and November than in the same period last year.

Housing sales to foreigners decreased

Tüm yaşananlara rağmen, 2020 yılının 11 ayında toplam 1 milyon 393 bin 335 adet konut satışı gerçekleşti. Bu rakamı geçen sene aynı döneme göre %21,5 daha yüksek ve bu rakam ile Kasım sonu itibarı ile konut satış adedi geçen seneki 1 milyon 348 bin 729 rakamını geçmiş oldu. 2020 yılında ipotekli satışlar geçen sene aynı döneme göre %98 artış göstermiş oldu ve ipotekli satışlar toplam satışların %40’ını oluşturdu. 11 aylık satışlar satış durumuna göre incelendiğinde ise ikinci el satışlarda geçen sene aynı döneme göre %35,2 artış, sıfır konut satışlarda ise %0,836 bin 385 olarak gerçekleşti.

Land price increase was 32.43%

The increase in housing sales and the increased demand for land and land with the pandemic also affected prices. According to endeksa data, house sales prices in Turkey have increased by 32.41% in the last year and rent prices have increased by 18.54%. The average residential square meter sales price in Turkey was TL 2,815, the average house sales price was 365,950, the average rent was 1,484 TL, and the return period of the housing investment was 19 years. The annual increase in land prices across Turkey was 31.25%, and the increase in land prices was 32.43%.

Interest in warehouses and logistics areas will increase

The shrinking impact of the pandemic on the world economy is indisputable. With the pandemic, we are witnessing the change of many things about social life and business life. We see that technology companies that are already growing have reached the point where they will reach in a few years due to the epidemic in a year. The way we do business has changed. Even if we don't go to our offices every day, we've learned that we can continue our work successfully. We predict that this will affect the needs on the commercial real estate side and therefore the industry. With the pandemic, interest in warehouses and logistics will also increase due to the high number of e-commerce transactions. In addition, shopping malls will start re-functioning, re-positioning, reass reassing projects. On the office side, interest in smaller square meters of offices will increase.

Despite the pandemic, we've doubled in age.

Endeksa is an institution that contributes to the technology-oriented development of the real estate sector. We provide a technological solution and support to valuation and location analysis activities carried out in traditional ways. In this sense, we, like other technology companies, provided more awareness and awareness after the outbreak. We plan to increase our employment growth rate above this level in 2021, while leaving behind the year 2020, when we have doubled in spite of the epidemic. We also have investment and cooperation plans in 2021 for the overseas expansion that we planned for 2020 but could not implement due to the epidemic.