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Leading cities and anti-leaders According to official data recently received, residential real estate sales in Turkey in November decreased by 34.1% compared to November last year which amounted to 117,806 units. Most transactions were recorded in Istanbul with 19,687 sales, which amounts to 16.7%. Next on the list is Ankara with 9367 sales and a...
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Mersin has recently become especially attractive to investors. This province has already entered the Top 3 of the fastest-growing investment locations and is in the Top 3 in terms of the number of apartments sold to foreigners. You will not find an apartment for rent here now for love or money. Sometimes you can find something for rent, but the...
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It's the fourth quarter of the year. Analysts figure out the results of the first nine months, comparing with the figures of the previous year, and predict preliminary results for 2022, taking into account data on the current volume of transactions and the characteristics of the purchased lots. Content: Plus 202% in price Two leading...
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Istanbul remains the most sought-after city in Turkey in terms of real estate purchasing and one of the most expensive locations in terms of rent. New records are consecutively set in this area. So, in the approx. central Istanbul districts, there are no apartments cheaper than 6,000 Turkish liras (TL) for rent. When the previous report in April (...
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City leaders and anti-leaders According to the data released by the Turkish Statistical Institute (TÜIK), the sales of residential real estate in Turkey during the month of October 2022, decreased by 25.3% compared to the same month last year which amounted to 102,660 units. The largest share of sales belongs to the country’s largest metropolis,...
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Prices of residences in Turkey grew by 160% year-on-year in the second quarter of 2022, as already reported by Turk Estate. The third quarter is likely to perform even better. For instance, by the end of summer, prices had increased the highest in Istanbul (+185% year-on-year), Ankara (+165%), and Izmir (+151%). Foreigners are still actively...
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Turk Estate regularly posts information on price trends in various cities and regions of this country to help you navigate real estate purchasing. Our readers are particularly interested in new developments concerning application for a residence permit and the details of everyday life in Turkey, particularly now, when the current events have taken...
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By the end of November, it is not only analysts busy collecting statistics on the number and quality of residential real estate transactions. Sales departments in development and real estate companies are also finding out about the relevant factors and how they affect the volume of purchased real estate. This is not only the quantity, quality,...
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A mid-year report devoted to the average home prices in Turkey has been published, based on the performance in the first half of 2022 (January through June) and over the past 12 months, which are quite indicative. It was approximately by the beginning of last July that life in Turkey almost normalized after the previous pandemic year. This was the...
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Leading cities and last-named cities According to Turkish data experts, in September 2022, 113,402 residential real estate units were sold in the country. Istanbul leads in transactions with 19,089 housing units and a share of 16.8% of the total units. Istanbul is followed by Ankara with 8812 homes sold which has a 7.8% share, and Izmir with 6338...
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