House Prices Turkey is determined with Price Index by the Central Bank. It guides you to determine the process of your real estate investment in advance. The real estate sector in Turkey is an investment tool rapidly gaining value. It is also shown as the sector by which you will provide the most practical return.
All these sectoral determinations are based on scientific and tangible statistics. Based on the data of 2020, the housing stock depleting rate in July was determined as the period in which the fastest depleting was experienced within 10 years.
According to the REIDIN-GYODER New House Prices Index in Turkey results, a nominal increase of 99.90% occurred in July compared to January 2010 which is the starting period of the index.
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The value of a newly completed housing project is determined according to the new housing price index. For this reason, the purchase of the newly-completed house for sale in Turkey Istanbul will allow you to earn all your individual or corporate investments only with correct results from a reliable source about the growth rate and the housing markets.
House Prices Turkey: The Ultimate Solution to Turn Your Capital into Investment!
House prices Turkey determine with an index to measure changes that occur on house prices. The real estate sector in Turkey is the ultimate solution with increasing investment value because of the most accurate assessment of your capital. Having data about the average house prices Turkey will be an important factor in the process of investing.
Having more detailed information about the housing price index in determining the value of the house prices Turkey will allow you to become a strong investor. Knowing how to calculate House Prices Index of Turkey will give definite answers to your questions.
The base year of House Prices Index in Turkey is 2010. House prices Turkey are determined depending on the data released by the Central Bank of the Republic of Turkey.
The house prices Turkey of all houses for sale vary depending on the values determined in 2010. The month of July in 2020 has been determined as the second year in which the housing stocks are fastest -depleted since the base year.
How is Turkey House Prices Index Calculated?
House Prices Turkey, how is the average value calculated? The answer to this question is not complicated. The Central Bank of the Republic of Turkey utilizes the banks which give mortgage loans.
Determination is made according to the housing valuation report made by the expertise of the banks that provide housing loans. Based on the valuation, the data of the house prices Turkey are received electronically.
The new House Price index of Turkey is valid for the new buildings. Some determinants make the values change in the housing market. But these factors are also proportional to the change of data. The chaos in Turkey House Prices Index is needed to be eliminated. For this reason, there is a method determined by the Central Bank of the Republic of Turkey. This method is easy.
Residences with similar structures and similar features are grouped. The average value is determined by these groups. Prices are determined according to these average house price in Istanbul.
House Prices Index: Branded Housing Sales Record!
Announced by The Central Bank of the Republic of Turkey according to the House Prices Turkey in July, there is an increase of 1,06% compared to the previous month. When compared to property prices in Turkey 2019, there was an increase of 7.13%.
Analyzing the data of House prices January 2010, a nominal value increase of 99.90% has been experienced. The housing sales figures and demand have increased by 2-3 times. The housing investment in Turkey strengthens the real estate investment thanks to the rapid growth momentum every year.
The top-grossing provinces for housing investment in Turkey;
| Istanbul | 16% |
| Ankara | 23% |
| Izmir | 18% |
| Bursa | 7% |
| Antalya | 28% |
The provinces with the highest annual change in Turkey;
| Kahramanmaras | 43.31% |
| Sakarya | 43.13% |
| Bolu | 37.67% |
| Eskisehir | 36.18% |
Best Time to Buy House According to Statistics!
House Prices Turkey, according to price index data and sales statistics show that it is the best time to buy housing projects in Turkey even in the world. It is the right time to buy a house, especially in Istanbul! The reason is that house prices have decreased by 6% in m2 price in the last three years. But in general, prices are predicted to rise by 8% in Turkey within the next 6 months. The highest increase is expected in Antalya province.
In fact, after the global pandemic crisis, there was an increase in the sales of detached houses. It is predicted that the number of people who prefer to live in calmer regions and a more isolated life will increase in the last quarter of the year. It becomes clear that it is the best time to buy a house.
In regions where housing stocks are high, it is observed that values decrease. Besides, it is analyzed that foreign investors tend to invest in real estate with a decrease in housing loan interests. Besides, according to statistics, the regions with the highest increase in value are Bahcesehir, Basaksehir, Basin Ekspres, Maslak and Buyukcekmece. For those who will make real estate investments, there are districts in Istanbul that will provide fast returns. If you look for cheap houses for sale in Turkey, it will be right time!
House prices Turkey: Districts in Istanbul with the Highest Return on Investment!
House Prices Turkey, housing stock and values are examined. The districts in Istanbul with the fastest and highest depreciation period that gives the return on investment are;
Beylikduzu
Avcilar
Esenyurt
Basaksehir
With the decrease in housing stocks, the depreciation periods will begin to decrease. It is observed that construction companies have recently entered a period of stagnation for new housing projects. For this reason, choosing the most suitable house for you in this profitable period among the housing projects that are completed or under construction will provide a high return beyond your expectations in the long term.
As Projescope real estate team, we have gathered the most profitable and suitable options for you. You can choose the best housing option for your standards and contact us.
Buying and selling activities in Turkey rise rapidly. Accordingly, it was observed that rent activities increase. BUT THIS SITUATION HAS CREATED AN ADVERSE EFFECT. With the rapid increase in rental demands and the increase in inflation, rental prices have increased rapidly. For this reason, considering that housing prices will increase rapidly in the next 6 months, buying a house instead of renting will reduce your costs in the long run. The house prices Turkey and house interest decreases should be considered as an opportunity.
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