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Increase in the Istanbul Real Estate Prices in 2017

The latest figures for real estate prices for the month of May 2017 showed a 1.2 percent increase in real estate sales and a 9.96 percent increase compared to the same period last year...

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2017-06-20 Last update 2020-02-11

Increase in the Istanbul Real Estate Prices in 2017

The latest figures for Istanbul real estate prices for the month of May 2017 showed a 1.2 percent increase in real estate sales and a 9.96 percent increase compared to the same period last year.

Based on a statistical operation carried out in 68 cities in Turkey, it was found that the index of an increase in rental prices of real estate properties increased by 1.07% on leasing, and found a percentage increase of 4.10% compared with the same period last year.

Studies show that the city of Bursa occupied first place among the Turkish cities in terms of increase in price per square meter, where the percentage increase to 2.40 percent.

The ratio of mortgage loans increased by 5 points compared to last April, the cash payment ratio reached 3 points and the proportion of selling is increased through the use of securities to 9 points.

The new buildings saw an increase of 0.11 percent, up 2.64 percent over the same period last year.

It was found that the proportion of consumption of real estate inventory has reached a rate of 4.9 percent compared to last year.

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