Expectation of Apartment sales and rents prices to Increase

Evaluating the actual property information of TÜİk in January 2020, “In comparison with January final yr, we see that the variety of residential gross sales has elevated considerably. In accordance with TURKSTAT information, in January, housing gross sales throughout Turkey elevated by 56% in comparison with the identical month of the earlier yr to 113,615 models. Particularly the rise in second-hand housing gross sales may be very outstanding. The variety of first-time houses elevated by 16% in January 2020 in comparison with the identical month of the earlier yr and obtained a 32% share of complete residential gross sales. Second-hand house gross sales elevated by a document 85% in comparison with the identical month of the earlier yr. Likewise, mortgaged housing gross sales skilled a document improve in comparison with the identical month of the earlier yr. In January 2020, mortgaged housing gross sales elevated by 546% in comparison with the identical month of the earlier yr and accounted for 37% of complete gross sales.”

AVERAGE RENT PRICE IN HOUSES 1,305 TL

As of the tip of January, the common residential sq. meter gross sales worth in Turkey is 2,209 TL, the common home worth is 284,961 TL, the common lease is 1.305 TL, the return time of housing funding is 17 years.

HOUSING SALES PRICES AND RENTS ARE EXPECTED TO INCREASE IN THE NEXT 6 MONTHS

In accordance with the Endeksa information, home gross sales costs throughout Turkey elevated by 1% in comparison with the earlier month, though it was 8% decrease than the identical month a yr earlier. An 8% improve is predicted within the subsequent six months. The typical rental worth in Turkey is 6% decrease than the identical month of the earlier yr, and on the similar degree as final month. Rents are anticipated to rise by 2% within the subsequent 6 months.

3907 HOUSES SOLD TO FOREIGNERS

Gross sales of housing to foreigners additionally elevated by 23% in comparison with the identical month of the earlier yr to 3907. The provinces with probably the most housing gross sales to foreigners have been Istanbul, Antalya, Ankara, Bursa and Yalova, respectively, whereas the nationalities of the nation with probably the most housing gross sales have been Iraq, Iran, the Russian Federation, Afghanistan and Yemen.