The price index of new homes in Turkey in April 2022 increased by 182%

The price index of new homes in Turkey in April 2022 increased by 182%

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

The new home index for April 2022 increased by 37% compared to April 2021

According to the data contained in the report, the price index of new homes in Turkey in April of this year 2022 recorded an increase of 7.88% compared to the value of the index in the previous month.

The index also recorded an increase of 36.98% compared to its value in the same month of the last year 2021.

The price index of new homes in Turkey for April 2022 has witnessed a huge increase from its value since the beginning of its study in 2010, reaching 181.90%.

1+1 apartments rank first with the highest index

In the details of the mentioned index, new apartments of the 1+1 type ranked first among other apartment types in terms of the increase in the value of their index in April of this year 2022.

Where the increase in the value of the new apartments type 1+1 index amounted to 19.15%, followed by new apartments of type 2+1 with an increase of 9.98% in the value of its index, and then rank third  3+1 apartments with an increase Its index value reached 1.70%.

Foreigners’ sales of new apartments for April record 24%

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 April of this year 2022, reached 24.63%, achieving an increase of 4.02% over the percentage of sales in the previous month.

While the percentage of foreign sales during the last six months amounted to 14.20% of the total sales of new apartments in projects with a registered trademark.

1+1 apartments are the most preferred by foreign investors by 43%

In the classification of sales of foreigners according to the types of new apartments in the projects with the registered mark, the new apartments of the 1+1 type ranked first as the type most preferred by foreign investors, as the percentage of sales of this type amounted to 42.86% of the general sales to foreigners of new apartments in projects with the registered trademark in April 2022.

Then the new apartments of the 2+1 type rank second in the sales of foreigners in the registered projects with a percentage of 30.61%, and the apartments of the 3+1 type came in the third place with a rate of 8.16%, and then came in the fourth place the 4+1 apartments in the fourth place by 6.12%, while the percentage of sales of other types of new apartments in projects with a registered mark amounted to 12.24% of foreign sales of new apartments in projects with a registered mark.

Advance payment is the most preferred payment method with 55%

Regarding the payment methods through which purchases of new apartments are made in the registered projects in April 2022, the purchase with advance payment ranked first with a rate of 55.20%, followed by the purchase with financial bonds at a rate of 37.45%, while the purchase using Bank loan ranked third with 7.35%.

Ready apartments account for about 75% of sales of new apartments

With regard to real estate stock figures, it was stated in the aforementioned report that the real estate stock consumption rate for new apartments in projects with a registered mark amounted to 7.69% in April 2022.

The percentage of sales of registered projects from apartments that are not ready for delivery reached 25.04% in April 2022.

While the percentage of sales of ready-made apartments in the registered projects in April of this year amounted to 74.96%, an increase of 3.66% over the percentage of sales of ready-made apartments in the previous month.

Edited by Imtilak Real Estate ©

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