Housing Prices Increased
by 29.2 in Turkey

According to data released by the Central Bank, housing prices increased by 29.2 percent in Turkey. Especially interest in the Aegean and Mediterranean regions increased, Antalya became the favorite city.

According to TURKSTAT data, approximately 1.4 million houses were sold with an increase of 21.5 percent in the first 11 months of 2020. According Central Bank 'Housing Price Index’ data, in October last year compared to the same month of the summit with Turkey in general was almost 29.2 percent annual increase. According to the news in Sputnik news, this increase was 30.4 percent in new houses and 28.5 percent in others.

Annual Price Increase Rates on a Regional Basis

1. The highest annual increases were in Antalya, Burdur and Isparta with %41.8.
2. The second highest increase were in Aydın, Denizli and Mugla with %39.6.
3. The least increases were in Erzurum, Erzincan, Bayburt with %16.8.
4. The second least increases were in Artvin, Giresun, Gumushane, Ordu, Rize, and Trabzon with %18.8.
5. There were % 27.3 price increase in Istanbul the biggest city in Turkey.
6. There were %28.9 in İzmir and % 29.1 in Ankara. These cities are the second and third biggest cities in Turkey.

What is TURKSTAT?

Turkey Statistical Institute, in short TURKSTAT, a research institute attached to the Ministry of Finance and Treasury Republic of Turkey.