Annual 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).