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What is Going On in Turkey? Market Updates

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The Turkish real estate market has a stir. Even galloping price growth does not stop buyers. They take everything: cheap and expensive objects, on the coast and in large cities…

According to analysts of the Turkish company Endeksa, the residential real estate sector is growing by all indicators. Turkish citizens trust investments in concrete gold as a reliable investment tool. With the help of buying apartments, local people are trying to save their savings.

That is the right choice. Over the past year, housing prices in Turkey have jumped by 116% in lira, while the dollar has risen by 78% and the euro by 65%.

Home sales in Turkey increased by 20% in one year

As of February 2022, home sales increased by 20% compared to last year. 97,000 objects have changed owners in a month.

The number of transactions on the secondary market increased by 22% compared to February last year. The share of secondary housing accounted for 70% of the total volume of transactions (68,000).

Sales to foreigners jumped by 55%

There are relatively few foreign buyers of real estate in Turkey: they account for about 5% of the total number of sales. And yet the number of transactions with foreigners is growing. In February, Turkish visitors bought 4,500 objects - 55% more than a year before.

At the same time, Iranians (711 units), Iraqis (633), and Russians (509) purchased most of the housing.

Here's what you can buy in Turkey right now:
Villa for 1 650 000 euro in Antalya, Turkey
1 650 000 €
Villa in Antalya, Turkey
200 sq.m 5
Residence
RestProperty
Flat for 176 000 euro in Alanya, Turkey
176 000 €
Flat in Alanya, Turkey
85 sq.m 3 2 1
Online Viewing Remote Transaction
An apartment of 2+1 layout in the Oba district has appeared in our catalog. The area is open for obtaining a residence permit and has good species characteristics. The spacious apartment is located on the 2nd floor with a total area of 85m2. The complex with 5* hotel infrastructure is located 2500m from the sea. The apartment has an...
Liga Real Estate
Penthouse for 299 000 euro in Alanya, Turkey
299 000 €
Penthouse in Alanya, Turkey
184 sq.m 4 3 3
Residence Online Viewing Remote Transaction Cryptocurrency payment
We bring to your attention a new project, which is located in the resort area of Oba Alanya. The Mediterranean Sea is only 450 metres away. There are many socially significant facilities near the residential complex, such as educational institutions, medical institutions, and various network documents. The residential complex is located in a...
Maxxproperty. Hekimoglu construction
Flat for 411 000 euro in Antalya, Turkey
411 000 €
Flat in Antalya, Turkey
140 sq.m 3
Residence
RestProperty
Flat for 149 000 euro in Belek, Turkey
149 000 €
Flat in Belek, Turkey
65 sq.m 1
Residence
RestProperty
Villa for 649 000 euro in Alanya, Turkey
649 000 €
Villa in Alanya, Turkey
168 sq.m 5 3 4
Residence Online Viewing Remote Transaction
We offer you a 3+2 villa with an area of 168 m2 in Tepe. The villa was built in 2010. The layout of the villa includes 2 large living rooms combined with a kitchen, 3 bedrooms, 4 bathrooms and 2 balconies. The villa has a high-quality renovation with the use of modern materials. The bathrooms are equipped with shower cabins or Jacuzzi and modern...
Zera Homes
Flat for 151 000 euro in Antalya, Turkey
151 000 €
Flat in Antalya, Turkey
115 sq.m 2
Residence
RestProperty
Flat for 110 000 euro in Alanya, Turkey
110 000 €
Flat in Alanya, Turkey
55 sq.m 2 1 1
Residence Online Viewing Remote Transaction Cryptocurrency payment
A new project of a residential complex in the Chiplakly area. The project is located on the territory of 1691m2 and consists of two 5-storey blocks with a modern facade. The complex has all the necessary infrastructure for a comfortable stay. The distance to the sea will be 4km. On sale there are: Apartments 1+1, total area from 55m2...
Liga Real Estate
Flat for 126 500 euro in Alanya, Turkey
126 500 €
Flat in Alanya, Turkey
51 sq.m 1
Residence
RestProperty
Villa for 600 000 euro in Alanya, Turkey
600 000 €
Villa in Alanya, Turkey
211 sq.m 4 3 3
Citizenship Online Viewing Remote Transaction Cryptocurrency payment
The project is located in the picturesque Kargicak district - built up mainly with villas and detached mansions. During the construction and interior decoration of the villas, first-class materials of the highest quality and modern technologies are used, which will ensure reliability, comfort and stylish interior. Each villa has its own heated...
ART ALANYA Real Estate
Flat for 165 000 euro in Alanya, Turkey
165 000 €
Flat in Alanya, Turkey
100 sq.m 3 2 2
Online Viewing Remote Transaction Cryptocurrency payment
We offer to your attention a new apartment with a layout of 2 + 1 with an area of 100 m2 in a complex in Avsallar. The complex was commissioned in November 2022. The apartment offered for sale is located on the 3rd floor of a 9-storey complex. The layout of the apartment includes a living room combined with a kitchen, 2 bedrooms, 2 bathrooms, 2...
Zera Homes
Flat for 85 000 euro in Mersin, Turkey
85 000 €
Flat in Mersin, Turkey
65 sq.m 2 1 1
We present to your attention a new investment project in the city of Mersin, in the picturesque Ayash district. The apartments have magnificent views of the sea, the city and the surrounding area. The new residential complex will be located just 270 m from the beach! In close proximity to all major attractions, shops, restaurants and beaches....
ALTOP Real Estate
Flat for 260 500 euro in Alanya, Turkey
260 500 €
Flat in Alanya, Turkey
58 sq.m 1 1
Residence
A bright and modern residential complex is located in the Tosmur district, quite close to the center of Alanya and, moreover, not as noisy as the city center. This is an exquisite luxury project. It meets the needs of the most selective connoisseurs of real estate on the Alanya coast and is distinguished by the laconic architecture and comfort...
NF Group
House for 397 071 euro in Istanbul, Turkey
397 071 €
House in Istanbul, Turkey
89 sq.m 2 2
Residence
The project consists of 9 buildings, including 182 apartments. On site: indoor swimming pool, spa center, fitness room, yoga, Pilates, playgrounds, tennis court, underground parking, walking paths, coworking, treadmills, landscaping, ponds, garden terraces, fountains, shops. Location: Istanbul, Göktürk is an ecologically clean, picturesque area...
NF Group
Flat for 213 000 euro in Antalya, Turkey
213 000 €
Flat in Antalya, Turkey
92 sq.m 3 2 1
Online Viewing
Apartments 1+1, 2+1 in a residential project under construction Delivery: June 2024 to the sea: 6 m to the city center: 15 km to the airport: 5.5 km ️1+1 (gross/net): 64/42.5 m2; 72/48.5 m2 2+1: 92/65.5 m2; 103/75.5 m2; 106/82 m2 ️12-storey building ️Each room has a Daikin air conditioner ️Set of household appliances (stove, extractor...
Marina Homes
Flat for 110 000 euro in Mersin, Turkey
110 000 €
Flat in Mersin, Turkey
73 sq.m 2 1 1
Online Viewing
Apartments for sale 1 + 1 - 73 m2 / 77 m2 / 82 m2 / 90 m2 2 + 1 - 111 m2 100 m from the sea There are 6 blocks in total, 445 apartments Year of construction: 2017 * 5 pools *Children's pool *Children's playground * Surf pool * Outdoor fitness *Indoor swimming pool *Sauna/steam bath *Turkish baths *Tennis, Volleyball,...
Marina Homes
Apartment for 311 000 euro in Esenyurt, Turkey
311 000 €
Apartment in Esenyurt, Turkey
155 sq.m 4 3 2
Residence Online Viewing Remote Transaction
Spacious Flats with High Ceilings in Esenyurt İstanbul The newly-built flats are located in the Esenyurt district of İstanbul. Esenyurt is one of the most popular cosmopolite living spaces in the city. The flats for sale in İstanbul are located just near the TEM Motorway. They are also located 1 km from the Metrobus and E-5 Main Road, 2 km from...
TEKCE
Penthouse for 132 000 euro in Alanya, Turkey
132 000 €
Penthouse in Alanya, Turkey
250 sq.m 7 6 4
Online Viewing Remote Transaction Cryptocurrency payment
We present to your attention a penthouse with sea and mountain views, located on the 3rd and 4th floors in the Mahmutlar district. The penthouse with a total area of 25.0 m2 has a 6+1 layout, which includes an American-style kitchen, six bedrooms, four bathrooms, balconies and a terrace. The apartment is sold with a fine finish, a kitchen set...
Liga Real Estate
Villa for 950 000 euro in Kemer, Turkey
950 000 €
Villa in Kemer, Turkey
280 sq.m 6 5 4
Citizenship Online Viewing Remote Transaction Cryptocurrency payment Rental property
LOT20 Price: 950,000 euros Number of bedrooms: 5 Distance to the sea: 3 km House area: 300 sq.m City: Aslanbudzhak For sale is a villa located in the resort village of Aslanbudzhak, in a quiet area near the tourist zone. There is developed infrastructure around the villa. The villa features 5 bedrooms, a kitchen with a living room, a...
Turkvillarent
Apartment for 128 000 euro in Antalya, Turkey
128 000 €
Apartment in Antalya, Turkey
105 sq.m 3 2 2
Residence Online Viewing Remote Transaction
Apartments for Sale Close to the Sea and the Shopping Center in Antalya Muratpaşa The apartments in Antalya for sale are located in the Muratpaşa Yenigün neighborhood. With its proximity to the social amenities thanks to its location, the Yenigün neighborhood has densely urban renewal projects too. Apartments are located in a building built on a...
TEKCE

The number of mortgage transactions is getting bigger

The number of transactions involving mortgage loans is growing throughout Turkey. The number of issued loans in February increased by 9% since last month, and by 36% year-on-year.

The share of mortgage transactions amounted to 20% of all housing sales. Foreigners prefer installments that they can get from any Turkish developer.

Istanbul is the leader in the sales number

Istanbul has traditionally had the highest share of residential real estate transactions. 18,000 transactions were made here in February, which accounted for 19% of the total number in the country.

Ankara was next in the ranking. In the capital city, buyers purchased 8,400 objects - 9% of the total number of transactions.

Izmir closes the top three, where 5,500 houses and apartments (6% of the market) have changed owners.

Also read: Rights and Obligations of a Foreign Buyer in Turkey

Mersin is the leader in price growth

Mersin has become the province with the highest annual increase in the cost of housing over the past 30 years.

Over the past year, real estate prices have risen by 160% in Mersin (!!!). The cost of housing per square meter was 5,780 Turkish lira in February, and the average sale price was 867,000 Turkish liras.

The annual cost increase in Aydin province, which includes the resorts of Didim and Kusadasi, has reached 141%. The price per square meter of housing has reached 10,172 Turkish liras, and the average transaction receipt is 1,154,300 liras.

Housing in Istanbul has risen in price by 137% over the year. They ask for an average of 11,321 liras for each square meter, and the average transaction takes place for 1,301,915 Turkish liras.

Housing prices in popular regions of Turkey
Region

Transactions share
in total sales

Avg. price per sq.m. Avg. price per object

Istanbul

19%

$763

$87,799

Ankara

9%

$334

$45,211

Ismir

6%

$600

$91,568

Antalya (Kemer, Alanya)

5%

$628

$79,583

Mersin

3%

$389

$58,479

Aydin (Didim, Kusadasi)

2%

$685

$77,844

Mugla (Bodrum, Fethiye, Marmaris)

2%

$1,195

$167,422

Yalova (thermal resort)

1%

$411

$53,408

* The exchange rate on 03/25/2022

Source: Endeksа
Photo: Meruyert Gonullu

Quoting conditions of Prian.info materials

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