EUR
enAnnual house price growth in Turkey
Home price growth in Turkey continues to impress, reaching significant levels as of May 2023. According to the new data, the growth was 116% in Turkish liras. The average selling price per square meter in the country was 18,862 Turkish lira ($796), and the average value of a property was 2.5 million Turkish lira ($105,550).
In May, the largest number of residential property sales were recorded in Istanbul, Ankara and Antalya. According to the index, in Istanbul, the annual increase in home sales prices amounted to 107%. The average price per square meter was 29,646 Turkish Liras ($1,250) and the average value of an object was 3.6 million Turkish Liras ($152,050).
In Ankara, housing prices rose by 131% over the year. The average selling price per square meter was 14,829 Turkish liras ($630), and the average cost of an object was 1.9 million Turkish liras ($80,250).
In Antalya, the annual increase in value was 118%. The average price per square meter was 24,424 Turkish liras ($1,030) and the average value of the property was 3.4 million Turkish liras ($143,600).
