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

2022-05-30

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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

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