The latest statistics related to real estate in Turkey in May 2022

Imtilak Real Estate offers you the latest statistics related to real estate prices in Turkey and real estate sales, and other numbers issued by the report that is prepared periodically between the (REIDIN) investment network and the (GYODER) real estate investment association.

The new home price index increased by 52.59% during May this year

The report on the new home price index in turkey, which is prepared periodically, was released in cooperation between (REIDIN) the Real Estate Investment and Development Information Network, and (GYODER) the Association of Real Estate and Real Estate Investment Partners.

According to the data contained in this report, the new home price index in Turkey during May of this year witnessed an increase of 11.67%, compared to the value of the index in the previous month, and by 52.59% compared to its value in the same month last year. Since the beginning of its study in 2010, the index has increased by 214.8%.

4+1 apartments occupy the first place with the highest index

In detail, the new apartments of the 4+1 type ranked first among other apartment types, in terms of the increase in the value of its index in May of this year, as the increase in the value of its index amounted to 18.38%.

The new apartments of the 3+1 type followed, with an increase in the value of its index by 13.59%, and the 2+1 apartments came in third place, with an increase of 11.41% in the value of their index.

As for the fourth place, it was occupied by 1+1 apartments, with an increase of 5.43%, in May of this year 2022.

Foreign sales recorded a growth of 4.7% in May 2022

According to the data contained in the aforementioned report, the percentage of foreign sales of the general sales of new apartments in the registered projects in May of this year amounted to 29.33%, achieving an increase of 4.7%, compared to the percentage of sales in the previous month.

Moreover, the percentage of foreign sales of apartments in Turkey during the last six months amounted to 17.35% of the total sales of new apartments in the registered projects.

2+1 apartments are the most preferred by foreign investors

In the classification of sales of foreigners according to the types of new apartments in the registered projects, the new apartments of type 2+1 ranked first as the type most preferred by foreign investors.

In this context, the percentage of sales of 2+1 type of apartments amounted to 37.5% of the general sales to foreigners of new apartments in the registered projects in May 2022.

Followed by new apartments of the 1+1 type with 36.11% of foreign sales in the registered projects.

3+1 apartments ranked third with a rate of 8.33%, followed by 4+1 apartments with a rate of 5.56%, while the percentage of sales of other types of new apartments in projects with a registered mark was 12.5% ​​of foreign sales from new apartments in projects with a registered mark.

The majority of sales were made with advance payment

With regard to the payment methods through which new residential apartments were purchased, in the registered projects in May 2022, the purchase by advance payment ranked first with a rate of 57.11%, followed by the purchase by financial bonds with a rate of 35.21%, and in the third place is the purchase using the bank loan with a rate of 7.68%.

The real estate stock depreciation rate reached 7.69%

With regard to real estate stock figures, the report stated that the real estate stock consumption rate for new apartments in projects with a registered mark amounted to 7.15% in May 2022.

The percentage of sales of registered projects from ready-to-delivery apartments reached 62.27% in May 2022, while the percentage of sales of non-ready apartments in registered projects in May of this year reached 37.73%, achieving an increase of 13.69%, over the percentage of ready apartments sales in the previous month.

Edited by Imtilak Real Estate ©

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