A detailed report on house prices and rents throughout Turkey in April 2022

Since the beginning of this year, Turkey’s real estate market has witnessed a significant increase in demand rates internally and externally, which has caused a significant increase in real estate prices and rental prices for homes and apartments.

A detailed report on house prices and rents throughout Turkey in April 2022
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2022-05-23 Last update 2022-05-30

A detailed report on house prices and rents throughout Turkey in April 2022

House prices in Turkey hit a record high in April of this year

During the last two years, the real estate market in Turkey witnessed an increase in demand rates, both internally and externally, which was reflected in the real estate sales records during the mentioned period. The significant increase in demand rates resulted in a significant increase in house prices.

A statistical report issued by the Endeksa real estate studies platform stated that the annual increase in the price of square meters in apartments across Turkey amounted to 147% during a year from April 2021, as the average price per square meter across Turkey reached 8,252 TL. The average price of a residential apartment was 1,114,20 TL.

Antalya ranked first and Istanbul second

In the details related to the rate of increase in the prices of residential apartments in the Turkish states, according to the report of the Endeksa platform, Antalya ranked first among the Turkish states that witnessed the highest annual increase during a year from April 2021, as the percentage increase in the price per square meter in Antalya apartments During the mentioned period, 183.36%, the average price per square meter in Antalya reached 11,360 TL, and the average apartment price reached 1,420,000 TL.

As for the second place among the Turkish states that witnessed the highest rates of price increases in their apartments during the year from April 2021, it was the state of Istanbul, which reached an annual increase rate of 172.78%, and the average price per square meter reached 13,538 TL, and the average The price of the apartment in istanbul reaches 1,624,560 TL.

Istanbul ranked third, the state of Aydin, where the annual increase during the mentioned period amounted to 161.5%, the average price per square meter reached 12,356 TL, and the average price of the apartment reached 1,853,400 TL.

The report provided data on the annual increase in the prices of apartments in the thirty states that sell apartments in Turkey, and the figures were as follows:

Rank
State
Average price per square meter (TL)
Average Apartment Price (TL)
Average investment life for construction (years)
Annual price increase %
1
Antalya
11,360
1,420,000
17
183,36
2
İstanbul
13,538
1,624,560
17
172,78
3
Aydın
12,356
1,853,400
39
161,5
4
Mersin
6,975
1,046,250
26
160,85
5
Balıkesir
9,304
1,290,520
35
153,45
6
Tekirdağ
5,874
822,360
20
150,38
7
Muğla
20,249
2,834,860
18
143,52
8
Diyarbakır
5,727
916,320
26
143,18
9
Adana
6,647
1,096,755
28
142,5
10
İzmir
10,580
1,375,400
18
141,06
11
Çanakkale
8,840
1,105,000
25
137,95
12
Samsun
6,513
911,820
25
137,79
13
Bursa
7,096
957,960
25
135,83
14
Kocaeli
6,554
884,790
22
134,83
15
Yalova
7,108
924,040
23
133,05
16
Ankara
5,938
801,630
18
129,18
17
Bolu
5,952
803,520
28
129,1
18
Trabzon
5,676
908,160
39
123,82
19
Gaziantep
6,883
1,101,280
23
122,39
20
Sakarya
6,075
729,000
21
118,05
21
Sinop
6,340
760,800
29
114,62
22
Ordu
5,706
770,310
30
113,15
23
Manisa
6,080
766,080
25
108,36
24
Eskişehir
5,957
762,496
22
106,05
25
Denizli
6,440
901,600
26
105,55
26
Edirne
6,404
704,440
23
104,99
27
Zonguldak
5,669
736,970
24
103,12
28
Bartın
6,740
741,400
28
100,71
29
Isparta
6,304
813,216
27
96,2
30
Tunceli
6,729
901,686
25
84,36

House rents have also increased

In conjunction with the great demand in the Turkish real estate market, house rents have also witnessed record increases monitored by the Endeksa platform report, where the average annual increase in house rent throughout Turkey in April 2021 was 120%, and the average house rent reached to 4,282 TL.

Antalya ranked first among the Turkish states that witnessed the highest annual increase in apartment rents during a year from April 2021, with an annual increase of 278.61%, followed by Istanbul with an increase of 147.06 percent, then Nevşehir with an annual increase of 143.72%.

The figures for the annual increase in rents in the thirty states of Turkey, which witnessed the highest increase rates, were as follows:

 
Rank
State
Average rent per square meter (TL)
Average apartment rent (TL)
Annual increase rate %
1
Antalya
78,22
8,604
278,61
2
İstanbul
65,05
6,635
147,06
3
Nevşehir
24,64
1,848
143,72
4
İzmir
50,12
5,764
137,31
5
Ankara
28,2
3,392
132,48
6
Kocaeli
24,73
2,844
125,84
7
Tekirdağ
24,69
2,716
119,86
8
Konya
18,69
2,336
114,83
9
Çanakkale
29,92
2,812
112,95
10
Bartın
20,31
1,929
110,25
11
Samsun
21,89
2,408
99,18
12
Sakarya
23,79
2,617
98,42
13
Bolu
17,86
1,768
94,55
14
Muğla
117,25
12,897
91,65
15
Eskişehir
22,94
2,065
90,85
16
Yalova
25,8
2,864
86,96
17
Düzce
19,44
1,730
86,74
18
Manisa
20,21
2,021
85,58
19
Aydın
26,59
3,191
84,01
20
Adana
19,96
2,495
82,45
21
Bursa
23,35
2,568
82,42
22
Denizli
20,62
1,856
81,51
23
Zonguldak
19,55
1,935
77,57
24
Gaziantep
25,44
3,027
73,89
25
Mersin
22,17
3,082
71,73
26
Balıkesir
22,41
2,240
70,6
27
Diyarbakır
18,51
2,738
66,07
28
Edirne
23,15
2,194
65,24
29
Isparta
19,64
1,473
59,42
30
Tunceli
22,47
2,022
39,48

Edited by Imtilak Real Estate ©

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Sources
Endeksa
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