Apartments prices in Turkey increase again

According to the data contained in the report of the Real Estate Investment and Development Information Network (REIDIN) and the Association of Real Estate and Real Estate Investment Partners (GYODER), the new house price index in Turkey is witnessing an increase of 312%!!

The figures included in the report indicate an increase of 1.03% in the new house price index in Turkey in the October period of this year.

When making a comparison with the value of this indicator since 2010, we find that it increased by 312.6%, while when looking at the prices of 2021, we find that the value of the index amounted to 95.82%.

A decrease in the price index for apartments in Turkey of the two types 1 + 1 and 4 + 1

The value of the increase in the price index of apartments of type 3 + 1 increased by 4% during the month of October, thus occupying the first place in the rate of increases, followed by apartments of type 2 + 1 with an increase of 0.5% in the value of the index.

As for the 4+1 apartments, they witnessed a decrease of 0.15%, while the 1+1 apartments witnessed a decrease of 2.7% during the tenth month.

Foreign sales up to 15% during the last 6 months

The figures included in the report indicate an increase in the percentage of sales to foreign investors by 14.93% during the last six months of 2022. As for the month of October, foreign sales amounted to 3.12% of total sales.

2+1 apartments are the most preferred apartments for foreign investors

The percentage of sales for apartments of type 2 + 1 amounted to about 35.71%, and thus it ranks first in terms of sales to foreign investors, while apartments of type 3 + 1 came in the second place, with a rate of 28.57% of the total sales of foreigners.

And in the third place were apartments of this type, at a rate of 14.29%, and finally apartments were 1 + 1, at a rate of 7.14%. As for the rest of the types of apartments, their rate was about 14.29% of the total sales of foreigners.