The apartment price index increased in January 2022 to 121.20% compared to 2010 at the same time.

According to a report issued by (REIDIN) Real Estate Investment and Development Information Network, in cooperation with (GYODER) Association of Real Estate and Real Estate Investment Partners, on the new real estate price index in Turkey for the beginning of 2022, the prices of new apartments in January 2022 increased by 2.84% compared to the previous month, And an average of 8.27% compared to the same month last year.

The report stated that apartments with 2 + 1 subdivisions occupied the first place in the rate of increase compared to the previous December, at a rate of 3.90%, followed by apartments 3 + 1 at a rate of 2.47%, then apartments 4 + 1 at a rate of 2.20%, and in the last place in terms of the increase rate comes apartments 1 + 1 at a rate of 1.94%.

Index of foreign purchase of real estate:

The rate of foreigners buying real estate in January was 8.73% of the total purchases in Turkey, and this indicator is higher than the rate of December in 2021, which was 7.44%, and at the same time, it is lower than the rate of the previous month of November, at a rate of 10.42%.

In general, the percentage of foreign purchases during the past six months is 8.98 percent of the total real estate purchases.

2+1 apartments are the most preferred by foreigners:

It was noted that apartments of the 2 + 1 type are very popular with foreign investors, as the index of purchases of apartments of this type reached 54.84% of the total purchases by foreigners.

Then comes the apartments of 1 + 1 type at a rate of 25.81%, followed by the 4 + 1 type at a rate of 6.45%.

The advance payment was the most popular:

With regard to the payment methods through which the purchase of new apartments in the registered projects is carried out during the month of January 2022, the purchase with advance payment ranked first with 51.12%.

Then the second place was the purchase of financial bonds by 43.81%, and the third place was the purchase using the bank loan by 5.07%.

Edited By Aldar Real Estate ©

Source: GYODER