According to TURKSTAT figures, 80 thousand 31 housing sales were realized in February across Turkey. Housing sales across Turkey decreased by 18 percent in February compared to the previous month and by 18 percent compared to the same month of the previous year.
According to the data of Endeksa, which has reached reliable results in real estate valuation with artificial intelligence and big data analysis, the annual value increase in housing sales prices in Turkey as of February was at the level of 162 percent. The provinces with the highest annual value increases are Kocaeli, Antalya, and Tekirdağ, respectively.
The average residential square meter sales price in Turkey was 16 thousand 515 TL, the average housing price was 2 million 146 thousand 950 TL, and the return period of the housing investment was 16 years. Housing sales across Turkey decreased by 18 percent in February compared to the previous month and by 18 percent compared to the same month of the previous year and became 80 thousand 31.
Istanbul ranks first in housing sales with 19 Percent
In February, Istanbul had the highest share in housing sales with 14 thousand 980 housing sales and 19%. According to the sales numbers, Istanbul was followed by Ankara with 8 thousand 235 housing sales and a 10% share, and Izmir with 5 thousand 31 housing sales and a 6% share. According to the Endeksa data, as of the end of February, the value increase in housing sales prices in Istanbul is 156%, the average residential square meter sales price is 25 thousand 882 TL, and the average house price is 3 million 105 thousand 840 TL. Housing prices in Ankara have increased by 159% in the last year, the average residential square meter sales price is 12 thousand 194 TL, and the average house price is 1 million 646 thousand 190 TL. In Izmir, the annual value increase was 160%, the average residential square meter sales price was 21 thousand 43 TL, and the average house price was 2 million 735 thousand 590 TL.
Kocaeli at the Top with 181 Percent Annual Value Increase
According to the Endeksa data, when the top 30 provinces with the most housing sales in February are evaluated, the provinces with the highest annual value increase are Kocaeli, Antalya, and Tekirdağ, respectively. Housing prices in Kocaeli have increased by 181 percent in the last year, the average residential square meter sales price is 14 thousand 340 TL, the average housing sales price is 1 million 892 thousand 880 TL, the value increase in housing sales prices in Antalya is 176 percent, the average residential square meter sales price is 23 thousand 596 TL, the average housing price is 2 million 831 thousand 520 TL and the value increase in housing sales prices in Tekirdağ is 165 percent, The average residential square meter sales price was 12 thousand 50 TL, the average house price was 1 million 638 thousand 800 TL.
Mortgaged Housing Sales Became 17 thousand 357
Mortgaged housing sales across Turkey increased by 7 percent in February compared to the previous month and decreased by 13 percent compared to the same month of the previous year and became 17 thousand 357. The share of mortgaged sales in total housing sales was 22 percent.
The Number of First Hand Housing Sales Decreased by 19 Percent to 23 Thousand 476
The number of first-hand housing sales in Turkey decreased by 19 percent in February compared to the same month of the previous year and became 23 thousand 476. The share of first-hand housing sales in total housing sales was 29 percent.
Second-hand housing sales decreased by 18 percent in February compared to the same month of the previous year and became 56 thousand 555. The share of second-hand housing sales in total housing sales was 71 percent.
Foreign Sales Decreased by 27 Percent Compared to the Previous Year
Housing sales to foreigners decreased by 19 percent in February compared to the previous month and by 27 percent compared to the same month of the previous year and became 3 thousand 350. In February, the share of housing sales to foreigners in total housing sales was 4 percent. Antalya took first place in housing sales to foreigners with the sale of one thousand 261 houses. Antalya was followed by Istanbul with 133 thousand housing sales and Mersin with 225 housing sales, respectively.
