According to the Property Index, Turkey’s champions are announced. In Istanbul, Ankara, Izmir, Antalya and Bursa, the provinces with the highest increases in August were apparent. Housing prices for sale throughout Turkey continue to rise.
When you look at real estate data in province basis, the average square meter price of residential houses in Istanbul was 4,800 TL. In Istanbul, where the annual rate of increase is 11 percent, the depreciation period is 19 years.
The three districts that increased the prices the most in Istanbul during September were Arnavutköy, Avcılar and Kartal. Arnavutköy 4-percent increase in the price of an average square meter house for sale carried TL 2,375 TL. The average square meter price in residential houses for sale in Avcılar was 2,375 TL with an increase of 1.8 percent. In Kartal, which has a 1.8 percent increase, the average square meter price for residential houses has reached 3 thousand 722 TL.
The average square meter price of residences for sale in Ankara was 1,808 TL. The depreciation time in Ankara, which had an annual increase of 5 percent, was above the Turkish average with 16 years.
Three districts with the highest increases in September were Pursaklar, Mamak and Keçiören in Ankara. Pursaklar with an increase of 1.7 percent in the average square meter price for sale in the house reached a thousand 517 TL. The average square meter price in the house for sale in Mamak was 1,235 TL with a rate of 1.2 percent. The average square meter price in the residence for sale in Kecioren, which has a rate of 0.8 percent, has reached a thousand 418 TL.
The average square meter price of residential properties in İzmir has increased by 12 percent in the last year to 2 thousand 627 TL. The three most prominent districts of İzmir during the month of September were Bayraklı, Bornova and Kemalpaşa.
The average square meter price of residences for sale in Antalya was 1,296 TL. In Antalya, where the annual rate of increase is 4 percent, the depreciation period is 17 years. Bursa with an annual increase of 18 percent per square meter in the house for sale carried the price of 932 thousand TL.