Housing prices in Antalya have increased by 210% in the last year

According to Endeksa data, house prices for sale increased by 172% and rents increased by 152% in May.
When the first 30 provinces were evaluated according to the average square meter sales price in May, the provinces with the highest annual value increase were Antalya, Istanbul and Mersin, respectively. Housing prices in Antalya have increased by 210% in the last year, the average residential square meter sales price is 13 thousand 351 TL, the average housing sales price is 1 million 735 thousand 500 TL. The annual increase in value in Istanbul is 209%, the average residential square meter sales price is 15 thousand 775 TL, the average residential sales price is 1 million 892 thousand 040 TL. The annual increase in value in Mersin is 194%, the average residential square meter sales price is 7 thousand 907 TL, the average residential sales price is 1 million 186 thousand 050 TL. it happened.

Rents Continue to Increase

In parallel with the trend in housing for sale, rental prices are also increasing. According to the data of the technology-focused real estate valuation platform Endeksa, rents in Turkey have increased by 152% in the last 1 year and by 233% in the last 4 years. In Turkey, the average square meter rent was 46.72 TL, the average rent was 5 thousand 139 TL, and the return period of the housing investment was 17 years. In May, rents increased by 25% compared to the previous month.

The provinces with the highest rental prices are Muğla, Antalya and Istanbul.

The provinces with the highest rental prices in Turkey were Muğla, Antalya and Istanbul, respectively. According to Endeksa data, the annual value increase in rents in Muğla is 86%, the average square meter rent is 138.27 TL, the average rent is 15 thousand 763 TL, the payback period is 18 years. Rents in Antalya have increased by 334% in the last 1 year. Average square meter rent is 93.56 TL, average rent is 10 thousand 292 TL, payback period is 16 years.

In Istanbul, which is the province with the highest number of housing sales to foreigners, rents have increased by 163% in the last year. Average square meter rent is 74.15 TL, average rent is 7 thousand 786 TL, payback period is 17 years.

Source: https://www.finansgundem.com/haber/konut-fiyatlarinda-rekor-artis-antalya-ilk-sirada/1666701