In 2020, a 35% increase in housing prices in Turkey
Updated: Mar 21, 2021
Turkey took place the end of the 4th quarter with a 35% increase in overall home sales price in the last 1 year. The average sales price of square meter of housing in Turkey 2 thousand 864 TL, the average depreciation period of 20 years. In Istanbul, where 19% of the housing sales in the 4th quarter were realized, house prices increased by 23% in 1 year and the average square meter sales price was 4 thousand 286 TL. Housing prices in Ankara, where 9% of housing sales take place, have increased by 28% in the last 1 year and the average square meter sales price is 2 thousand 245 TL. Housing prices have increased by 33% in the last 1 year in Izmir, where 6% of housing sales are realized, and the average square meter sales price was 3 thousand 783 TL.