Endeksa.com evaluated February 2020 real estate data announced by TURKSTAT. According to Turkstat, Turkey 5% in February compared to January home sales in general, as compared to February of last year amounted to 118 753 units increased 51%.
Endeksa.com Co-Founder and General Manager of TurkStat, evaluating the real estate data of TurkStat in February, Görkem Öğüt said, “69% of the house sales in February were second-hand house sales and second-hand house sales were 5% compared to January and compared to February of the previous year. It increased by 78%. We expect the increase to continue. ”
AVERAGE RENTAL COST IN HOUSES 1.330 TL
According to the data Endeksa.com housing prices in Turkey showed a 1% increase compared to the previous month. The average sale price in Turkey 2,236 per square meter of housing, the average housing price of £ 268 444, the average rent is £ 1330, residential investment return period of 17 years. In January and February, a total of 232,368 houses were sold, increasing by 54% compared to the same period last year. Mortgage sales increased by 457% and second hand sales increased by 81% compared to the same period last year. Houses sold for the first time increased by 15% compared to the same period last year.
THE HIGHEST SHARE OF ISTANBUL
In February, Istanbul received the highest share of 19% of house sales. According to the data of Endeksa, housing prices in Istanbul increased by 1% in February compared to the previous month. As of the end of February, the average residential square meter sales price in Istanbul is 3.614 TL, the average housing price is 415.610 TL, the average rent is 1.523 TL, the return period of the housing investment is 22 years.
ANKARA IS SECOND
The city with the highest number of residential sales after Istanbul is Ankara with a share of 11%. As of the end of February, the sales price of residential square meter in Ankara is 1.801 TL, the average housing price is 235.145 TL, the average rent is 1.210 TL, the return period of the housing investment is 16 years.
İzmir ranked third in the number of residential sales in February with a 7% share. Housing prices in İzmir increased by 1% in February and the average residential square meter sales price was 2,940 TL. According to the index data, the average housing price in İzmir is 358.680 TL, the average rent is 1.502 TL, and the return time of the housing investment is 20 years.
4.005 RESIDENCES SOLD TO FOREIGNERS
According to TURKSTAT data, house sales to foreigners increased by 21% in February compared to the same month of the previous year and became 4.005. Provinces with the highest number of houses sold to foreigners are Istanbul, Antalya, Ankara, Yalova Bursa respectively; In most residential areas, respectively foreign nationals from Turkey, Iran, Iraq, Russia was in Afghanistan and Jordan.
LARGE INCREASE IN MOPOTED HOUSING: 392 percent
In February, mortgage sales accounted for 37% of total sales, up 4% from the previous month and 392% from the same month of the previous year. Second-hand house sales accounted for 69% of residential sales in February, and second-hand house sales increased by 5% compared to January and 78% compared to February last year.