The investment value of Turkey's homes increased by 116% in just a year!

The investment value of Turkey's homes increased by 116% during the year, while the increase in value during the same period amounted to 78% for the dollar and 65% for the euro.

The investment value of Turkey's homes increased by 116% in just a year!
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2022-04-15 Last update 2022-04-18

The investment value of Turkey's homes increased by 116% in just a year!

According to a report prepared by the Endeksa real estate platform, the rate of increase in house prices across Turkey was 116%, from one year until the end of February 2022.

An overview of apartment price changes in Turkey until the end of February 2022

In the details of the aforementioned report, the average price per square meter across Turkey until the end of February 2022 amounted to 6,847 TL.

While the average price of an apartment in Turkey amounted to 924,345 TL, and the average investment life for construction throughout Turkey was 19 years.

Mersin apartments prices rise by 160%!

In the details of the numbers of Turkey's states that sell the most apartments, Mersin ranked first as the state that witnessed the highest annual increase in the prices of its homes during one year, from February 2021 to its counterpart in 2022.

The rate of increase in the prices of Mersin houses during the mentioned period amounted to 160%, and the average price per square meter in Mersin houses reached 5,780 TL, while the average price of a residential apartment reached 867,150 TL.

Aydin apartments prices rise by 141%

Aydin came in second place with the increase in house prices, which amounted to 141% during the aforementioned period.

The price per square meter in Aydin houses was 10,172 TL, while the average price of a residential apartment in Aydin was 1,154,300 TL.

Turkey house prices

The price per square meter in Istanbul is 11,321 TL

The third place among the Turkish states that witnessed the highest annual increase in the price of their homes was Istanbul.

The annual increase in the prices of Istanbul houses reached 137%, and the average price per square meter of housing in Istanbul reached 11,321 TL, while the average house price in Istanbul reached 1,301,915 TL.

The 30 most Turkish states in the sale of apartments

The figures for the price increase in Turkey's 30 most selling states were as follows:

Rank

State

Number of homes sold during February 2022

Average price per square meter

(TL)

Average house price

(TL)

 

Annual percentage increase (%)

Average life of investment building (in years)

1

İstanbul

 18752

11321

1301915

137,44

16

2

Ankara

 8464

4966

670410

104,36

17

3

İzmir

 5575

8903

1357800

108,26

19

4

Antalya

 4727

9316

1180084

133,02

18

5

Bursa

 3354

5983

807705

107,31

20

6

Kocaeli

 2877

5324

718740

97,84

20

7

Mersin

 2662

5780

867150

160,13

17

8

Tekirdağ

 2405

4840

677600

116,85

17

9

Aydın

 2218

10172

1154300

140,93

33

10

Balıkesir

 2196

7558

982800

122,16

26

11

Gaziantep

 2092

5979

950666

102,06

19

12

Konya

 1908

4611

737760

106,77

21

13

Kayseri

 1771

4080

673200

93,09

22

14

Sakarya

 1762

5208

645792

96,31

20

15

Adana

 1677

5525

911625

114,06

22

16

Samsun

 1665

5489

768460

108,15

21

17

Hatay

 1648

3878

597212

88,62

21

18

Şanlıurfa

 1639

4315

755125

120,38

18

19

Manisa

 1624

5133

641625

82,02

22

20

Muğla

 1518

17736

2483040

122,34

18

21

Eskişehir

 1343

5179

662912

85,03

21

22

Denizli

 1316

5636

817220

90,99

22

23

Diyarbakır

 1123

5103

816480

125,9

17

24

Yalova

 1078

6101

791960

103,23

19

25

Elazığ

  956

3413

569303

59,86

23

26

Kahramanmaraş

  943

4381

700000

87,62

20

27

Trabzon

  921

4789

766240

92,02

28

28

Ordu

  782

4859

650972

97,44

26

29

Çanakkale

  769

7596

910920

118,09

22

30

Erzurum

  744

2943

484440

82,8

21

Turkey's homes have outperformed hard currencies in investment value

Commenting on the data of the aforementioned report, Mr. Görkem Öğüt, General Manager of Endeksa, said: "The main reason for the rise in Turkey's house prices is the significant increase in the internal and external demand for real estate investment, which has proven itself among the safest and most profitable means of investment. Homes have achieved an increase in investment value increased by 116% over the past year, while the increase in value during the same period amounted to 78% for the dollar and 65% for the euro.

الضمان الحكومي انجليزي الضمان الحكومي انجليزي

Edited by Imtilak Real Estate ©

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Sources
Endeksa
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