The new home price index in Turkey for January 2022 increased by 121%

Turkey's new home price index for January 2022 has increased by 121.20% since 2010.

The new home price index in Turkey for January 2022 increased by 121%
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2022-02-18 Last update 2022-02-22

The new home price index in Turkey for January 2022 increased by 121%

The new home price Index report in Turkey, which is prepared periodically in cooperation between (REIDIN) the Real Estate Investment and Development Information Network, and (GYODER) the Association of Real Estate and Real Estate Investment Partners, was released.

The new home price index increased by 8.27% during January 2022

According to the data in the report, the new home price index in Turkey during January 2022 witnessed an increase of 2.84% compared to the value of the index in the previous month, and by 8.27% compared to its value in the same month of the last year 2021.

Since the beginning of its study in 2010, the index has increased by 121.20%!

New home price index in Turkey

The 2+1 apartments are the first with a high index

In the details of the aforementioned report, new apartments in Turkey of the 2+1 category ranked first among other apartment categories in terms of the increase in the value of its index during January 2022, and the increase in the value of its index amounted to 3.9%.

Followed by new apartments of type 3+1 with an increase of 2.47% in the value of its index, and came in the third place for apartments of type 4+1 with an increase in the value of its index amounted to 2.20%.

While the apartments of the 1+1 type ranked fourth, with an increase of 1.94% in the value of its index during January of 2022.

new apartments in Turkey

Increase foreign sales in registered trademark projects

According to the data in the aforementioned report, the percentage of foreign sales of the general sales of new residential apartments in the registered projects during January 2022 was 8.73%, achieving an increase of 1.29% over the percentage of sales in the previous month.

While the percentage of foreign sales during the last six months of 2021, 8.98% of the total sales of new apartments in the registered projects all over Turkey.

2+1 apartments are the most preferred by foreign investors

In the classification of sales of foreigners according to the new apartment types in the registered projects, the new apartments of type 2+1 ranked first as the type most preferred by foreign investors.

The percentage of sales of 2+1 apartments reached 54.84% of the general sales to foreigners of new apartments in the registered projects during January 2022, followed by new apartments of the 1+1 type with 25.81% of sales of foreigners in projects with a registered mark.

Apartments of type 4+1 came in third place with a percentage of 6.45%, while new apartments of type 3+1 came in fourth place with a percentage of 3.23%.

While foreign sales of other types of new apartments in projects with a registered mark amounted to 9.68%.

new home prices in Turkey

The largest percentage of sales was prepaid

With regard to the payment methods through which the purchase of new apartments in the registered projects is carried out during the month of January 2022, the purchase with advance payment ranked first with 51.12%.

Then the second place was the purchase of financial bonds by 43.81%, and the third place was the purchase using the bank loan by 5.07%.

Real estate inventory consumption reached 4.24%

On the issue of selling real estate in Turkey, especially real estate inventory figures, it was stated in the aforementioned report that the consumption rate of real estate stock for new apartments in projects with a registered mark amounted to 4.24% during January 2022.

The percentage of sales of registered projects from ready-to-delivery apartments amounted to 19.40% during January 2022.

While the percentage of sales of unfinished apartments in the registered projects during the month of January 2022 was 80.60%, achieving an increase of 2.31% over the percentage of sales of unfinished apartments in the previous month.

 

Edited by Imtilak Real Estate©

Reference:  GYODER

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