The number of building permits granted in Turkey increased by 105.6%

According to a report prepared by Endeksa real estate platform, the number of apartments for sale in the real estate stock in Istanbul during the month of June of this year reached 274,228 apartments.

Therefore, an increase of 1% was recorded over the number of apartments in the real estate stock in Istanbul in one month, and with regard to the apartments allocated for rent in the real estate stock in Istanbul during the mentioned period, the number reached 136,455 apartments.

The largest inventory of apartments for sale in Esenyurt

At a related level, according to data in the above-mentioned report, the Essnyurt region ranked first among Istanbul in terms of Istanbul's largest real estate stock in Istanbul of apartments for sale.

The number of apartments prepared for sale in Esenyurt reached 21,090, and Kadikoy came in second place with 17,687 apartments for sale during the month of June.

Beylikdüzü area ranked third in terms of stock of apartments for sale in Istanbul with 17,104 apartments.

The figures of real estate stock in Istanbul for apartments for sale were as follows:

The largest stock of apartments for rent in Sisli

In a related context, the real estate stock report in Istanbul, specifically the apartments for rent in Istanbul during the month of June.

The Sisli region ranked first among the regions of Istanbul, with the largest real estate stock for apartments for rent.

As the number of apartments prepared for rent in the Sisli region during the mentioned period reached 9,605 apartments, followed by the Kağıthane district with 8,075 apartments.

While Esenyurt ranked third with 6,705 apartments for rent in its real estate stock.

The figures of real estate stock in Istanbul for apartments for rent were as follows:

A big movement for the construction sector

In a comment to Mr. Gürkem Ogut, General Manager of the Endeksa platform, on the figures contained in the Istanbul real estate stock report, he said:

"The construction of apartments has experienced some decline, especially in 2017, due to high construction costs, but the construction sector has become active in the following years, although costs have continued to rise to peak during the first months of this year, 2021."

Mr. Ogut continued: "The number of building permits granted during the first three months of this year 2021 increased by 105.6% compared to the number of building permits in the same period last year 2020."