The price of independent houses in Turkey increased by 64.43% in one year

According to the data of the report issued by the Endeksa platform, the prices of independent houses in Turkey increased by 64.43% in one year.

The price of independent houses in Turkey increased by 64.43% in one year
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2021-06-28 Last update 2021-12-26

The price of independent houses in Turkey increased by 64.43% in one year

An increase in house prices in Turkey by 64.43% within one year, coinciding with an increase in the prices of construction land by 36.91%, while Antalya was at the forefront of the Turkish states that witnessed an increase in house prices.

The high demand for independent homes raises their prices

With the changes brought about by the spread of the Coronavirus around the world, which was manifested in the person spending more time in his home, the spacious and comfortable house, which achieves ventilation and isolation, has become one of the most important options that those wishing to buy a house in Turkey.

As a result, the demand for villas and independent houses in Turkey has increased, and the increase in demand has led to a significant increase in the prices of this type of house, in addition to an increase in the prices of construction land as well, as the establishment of a private house has also become one of the investment options, which receive popular in the real estate market.

houses prices in turkey

Prices increased by nearly 65% ​​in one year

According to a report prepared by Endeksa for real estate studies, independent houses throughout Turkey witnessed a significant increase in their prices, amounting to 64.43% within one year, while the increase in house prices in general, during the same period, amounted to 31.68%, and the increase in construction land prices reached an average An estimated 36.91% during the mentioned period.

According to the data of the Endeksa report, the average price per square meter in detached houses reached 5,801 TL, bringing the average price of a single house across Turkey to 1,116,200 TL.

prices of homes in turkey

Summer areas are at the forefront

In the details of the report, the increase in the prices of independent houses reached its peak in the summer areas, where the Turkish capital of tourism, Antalya, came at the top of the list, with an increase in the prices of independent houses, reaching 70.71% within one year.

The average price per square meter in it reached 5,910 TL, and the average price of an independent house was one million and 347,480 TL.

Aydin ranked second in terms of price increases, where the price of independent houses increased in one year by 63.65%, and the average price per square meter reached 5,623 TL, and the average price of one house reached one million and 34,632 TL.

Mugla ranked third in terms of the rate of increase in the prices of independent houses in one year, with an increase of 63.53%, and the average price per square meter in its independent houses reached 11,007 TL, and the average price of a single house in it was one million and 959,246 TL.

The following is information on the price changes of independent houses in the major states of Turkey, which ranks first in terms of independent house prices:

 

Province

Average price per square meter (TL)

The average price of an independent home

(TL)

 

Annual percentage change

in the price

 

Average investment life of the house (years)

İstanbul

          9.966 

       3.009.732 

60,56 %

40

Ankara

          3.962 

       1.141.602 

62,11 %

24

İzmir

          7.910 

       1.439.620 

54,16 %

31

Muğla

        11.007 

       1.959.246 

63,53 %

35

Antalya

          5.910 

       1.347.480 

70,71 %

32

Aydın

          5.623

       1.034.632 

63,65 %

33

Bursa

          3.717 

          695.079 

34,04 %

30

Balıkesir

          5.365 

          906.685 

55,96 %

33

Türkiye

          5.801 

       1.160.200 

64,43 %

31

 

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Edited by Imtilak Real Estate ©

Reference: Endeksa

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