Latest statistics for real estate in Turkey during May 2022

The new home price index increased by 52.59% during May this year

The report on the new home price index, which is prepared periodically, was released in cooperation between (REIDIN) the Real Estate Investment and Development Information Network, and (GYODER) the Association of Real Estate and Real Estate Investment Partners.

According to the data contained in this report, the price index for new apartments in Turkey during May of this year increased by 11.67%, compared to the value of the index in the previous month, and by 52.59% compared to its value in the same month last year. Its value since the beginning of its study in 2010 is 214.8%.

4 + 1 apartments occupy the first place with the highest index in details, the new apartments of the 4 + 1 type ranked first among other apartment types, in terms of the increase in the value of its index during May of this year, as the increase in the value of its index amounted to 18.38%.

The new apartments of the 3 + 1 type followed, with an increase in the value of its index by 13.59%, and in the third place came the apartments of the 2 + 1 type, with an increase of 11.41% in the value of its index. As for the fourth place, it was occupied by 1 + 1 apartments, with an increase of 5.43%, during the fifth month of this year 2022.

Foreign sales increased by 4.7% during May 2022

According to the data contained in the aforementioned report, the percentage of foreign sales of the general sales of new residential apartments in the registered projects during the month of May of this year amounted to 29.33%, achieving an increase of 4.7%, compared to the percentage of sales in the previous month.

Moreover, the percentage of foreign sales of apartments in Turkey during the last six months amounted to 17.35% of the total sales of new apartments in the registered projects.

2+1 apartments are the most preferred by foreign investors

In the classification of sales of foreigners according to the types of new apartments in the projects with the registered mark, the new apartments of type 2 + 1 ranked first as the type most preferred by foreign investors.

In this context, the percentage of sales of 2 + 1 type of apartments amounted to 37.5% of the general sales to foreigners of new apartments in the registered projects during the month of May 2022.

Followed by the new apartments of type 1 + 1 with 36.11% of foreign sales in the registered projects.

3 + 1 apartments came in third place with a rate of 8.33%, followed by 4 + 1 apartments with a rate of 5.56%, while the percentage of sales of other types of new apartments in projects with a registered mark was 12.5% ​​of foreign sales from new apartments in projects with a registered mark.

The majority of sales were made with advance payment

With regard to the payment methods through which the purchases of new apartments were made, in the registered projects during the month of May 2022, the purchase with advance payment ranked first with a rate of 57.11%, followed by the purchase with financial bonds by 35.21%, and it came in the third place Purchase using bank loan at 7.68%.

The real estate inventory depreciation rate reached 7.69%

With regard to real estate stock figures, the report stated that the real estate stock consumption rate for new apartments in projects with a registered mark amounted to 7.15% during the month of May 2022.

The percentage of sales of branded projects from ready-to-delivery apartments amounted to 62.27% during May 2022, while the percentage of sales of unfinished apartments in registered projects during May of this year reached 37.73%, achieving an increase of 13.69%, over the percentage of sales of finished apartments in the previous month.