A significant increase in the prices of apartments in Turkey

The Turkish real estate market is witnessing a significant rise in the prices of apartments in Turkey, especially during the last year, which witnessed a great demand for apartments in Turkey by investors in Turkey and abroad, and the demand in the internal market reached its peak in recent months, in parallel with the reduction in the value of interest for housing loans that were the result of the general reduction of interest in Turkey.

The reports have monitored significant changes in the prices of apartments in Turkey, close to 100% in some areas, and exceeded them in other areas of the major Turkish states. The latest of these reports; a report prepared by the Hepsiemlak real estate platform, in which it monitored: the average price per square meter, the average apartment price, and the percentage change in prices during a year from October 2021, and the classification results were as follows:

Mugla leads the Turkish states in the average price per square meter

According to the data of the aforementioned report: Mugla province topped the Turkish states in the average price per square meter of its apartments, with the average price per square meter in its apartments during October of this year: 10,167 TL.

It was followed by Istanbul, whose average price per square meter in its apartments during the aforementioned month was 7,824 TL.

Antalya came third, with the average price per square meter in its apartments reaching: 5,947 TL during October 2021.

The average prices per square meter in the ten most expensive states and the annual changes in the prices per square meter in them were as follows:

Rank	Featured projects in Turkey View all View all State	Average price per square meter in October 2021	Search our distinguished projects list and find the suitable property for you. Average price per square meter in October 2020	Annual increase rate
Ready to invest? What is your budget ? UP to $50KUP to $100KUP to $250kUP to $400kUP to $1M How many living rooms are in the apartment? Studio1 2 3 4 5+ We have a range of options for you. ▼ Call me I hereby consent to the processing of my personal data and consent to the sending of marketing content. Thank you! Thank you, we have received your request, and we will contact you as soon as possible. 1	Muğla	Get a free real estate consultation Would you like a free real estate consultation with the real estate experts at Imtilak Real Estate? Lets go Get a free real estate consultation What is your preferred way of communication? How would you like to be contacted? Phone callZoomGoogle meetWhatsApp Get a free real estate consultation Choose the appropriate day for us to contact you Fri26 Apr Sat27 Apr Sun28 Apr Mon29 Apr Tue30 Apr Wed1 May Thu2 May Get a free real estate consultation Let us contact you ▼ Call me I hereby consent to the processing of my personal data and consent to the sending of marketing content. Thank you! Thank you, we have received your request, and we will contact you as soon as possible. 10,167 TL	6,337	Featured projects in Turkey View all View all 60 %
2	Search our distinguished projects list and find the suitable property for you. İstanbul	7,824 TL	5,252	49 %
Ready to invest? What is your budget ? UP to $50KUP to $100KUP to $250kUP to $400kUP to $1M How many living rooms are in the apartment? Studio1 2 3 4 5+ We have a range of options for you. ▼ Call me I hereby consent to the processing of my personal data and consent to the sending of marketing content. Thank you! Thank you, we have received your request, and we will contact you as soon as possible. 3	Antalya	Get a free real estate consultation Would you like a free real estate consultation with the real estate experts at Imtilak Real Estate? Lets go Get a free real estate consultation What is your preferred way of communication? How would you like to be contacted? Phone callZoomGoogle meetWhatsApp Get a free real estate consultation Choose the appropriate day for us to contact you Fri26 Apr Sat27 Apr Sun28 Apr Mon29 Apr Tue30 Apr Wed1 May Thu2 May Get a free real estate consultation Let us contact you ▼ Call me I hereby consent to the processing of my personal data and consent to the sending of marketing content. Thank you! Thank you, we have received your request, and we will contact you as soon as possible. 5,947 TL	3,904	52 %
4	İzmir	5,482 TL	4,030	36 %
5	Çanakkale	4,236 TL	2,877	47 %
6	Balıkesir	4,232 TL	2,948	43 %
7	Yalova	4,062 TL	3,000	35 %
8	Gaziantep	3,991 TL	2,857	40 %
9	Denizli	3,852 TL	2,733	41 %
10	Edirne	3,718 TL	2,720	37 %

 

Besiktas, Istanbul tops the regions of the Turkish states in the average price per square meter

With regard to the classification of regions across Turkey according to the average price per square meter in Besiktas apartments, the Besiktas region ranked first among the Turkish regions with the highest average price per square meter in its apartments, with the average price per square meter in Besiktas apartments during October for this year: 27,521 TL. It was followed by the Sariyer district in Istanbul with an average price of 27,517 TL.

While the Şişme region in Izmir followed in third place, with an average price of: 18,875 Turkish liras per square meter. The figures of the top ten regions in Turkey in the average price per square meter were as follows:

Rank	Area	Average price per square meter in October 2021	Average price per square meter in October 2020	Annual increase rate
1	İstanbul – Beşiktaş	27.521	18.567	48 %
2	İstanbul – Sarıyer	27.517	18.879	46 %
3	İzmir – Çeşme	18.875	11.785	60 %
4	Muğla – Bodrum	18.238	10.801	69 %
5	İstanbul – Bakırköy	17.911	10.618	69 %
6	İstanbul – Kadıköy	17.347	10.031	73 %
7	İstanbul – Beykoz	17.100	11.000	55 %
8	İstanbul – Adalar	14.153	10.394	36 %
9	İzmir – Urla	12.980	7.549	72 %
10	İzmir – Foça	12.222	5.769	112 %

 

Samsun comes first in the annual increase rate

In the classification of the Turkish states according to the annual rate of increase, the state of Samsun ranked first among the Turkish states in terms of the annual increase in the prices of apartments in Turkey, where the annual increase in the average price per square meter in this state during October of this year was 88 It was followed by an increase of 60%, followed by Antalya in the third place, with an annual increase of 52%.

The top ten ranks in the annual increase during October 2021 were as follows:

Rank	Province	Average price per square meter in October 2021	Average price per square meter in October 2020	Annual increase rate
1	Samsun	3.609	1.915	88 %
2	Muğla	10.167	6.337	60 %
3	Antalya	5.947	3.904	52 %
4	Mersin	3.196	2.125	50 %
5	Adana	3.552	2.372	50 %
6	İstanbul	7.824	5.252	49 %
7	Konya	3.015	2.042	48 %
8	Aydın	3.717	2.520	47 %
9	Çanakkale	4.236	2.877	47 %
10	Sakarya	3.456	2.351	47 %

 

In the classification of regions in the Turkish states according to the annual rate of increase in prices per square meter of housing during October 2021, Foca in Izmir ranked first among the Turkish regions with an annual increase of 112%, followed by Milas in Mugla with an annual increase in the second place It reached 95%, and the Dikili region in Izmir ranked third with an annual increase of 74%, and the first ten ranks among the regions in the Turkish provinces were as follows:

Rank	Area	Average price per square meter in October 2021	Average price per square meter in October 2020	Annual increase rate
1	İzmir – Foça	12.222	5.769	112 %
2	Muğla – Milas	8.136	4.167	95 %
3	İzmir – Dikili	6.957	3.996	74 %
4	İzmir – Seferihisar	7.524	4.342	73 %
5	İstanbul – Kadıköy	17.347	10.031	73 %
6	Antalya – Döşemealtı	6.250	3.622	73 %
7	İzmir – Urla	12.980	7.549	72 %
8	İstanbul – Ataşehir	9.977	5.873	70 %
9	Antalya – Konyaaltı	9.863	5.812	70 %
10	İzmir – Menderes	9.000	5.313	69 %

 

Edited by Imtilak Real Estate ©

Reference: emlakgundemi.com.tr

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