A significant increase in the prices of apartments in Turkey

The prices of apartments in Turkey have increased significantly compared to last year, approaching 100% in some areas. Check out the exact numbers in this article

A significant increase in the prices of apartments in Turkey
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2021-12-02 Last update 2022-01-06

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:

 prices of apartments in Turkey

Rank

State

Average price per square meter in October 2021

Average price per square meter in October 2020

Annual increase rate

1

Muğla

10,167 TL

6,337

60 %

2

İstanbul

7,824 TL

5,252

49 %

3

Antalya

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.

 prices of apartments in Turkey

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%.

الجنسية التركية انجليزي الجنسية التركية انجليزي

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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