12% increase in the price of the new property

The July 2012 Real Estate Indicators Report by Reidin.com and GYODER for used and new homes was published in Adana, Ankara, Antalya, Bursa, Istanbul, Izmir and Kocaeli. In July, Antalya was the leader in increasing the prices of used homes, Adana was the city with the highest increase in rents, and the prices of new homes increased by 12.42 percent compared to last year.

According to the REIDIN.com real estate index, which includes used and furnished homes powered by Garanti; Compared to the previous month, there was an increase of 2.33 percent and 12.41 percent compared to the same period of the previous year in the Turkish Composite Home Sale Price Index.

With an increase of 3.16 percent in value per square meter compared to the previous month, Antalya became the province with the highest increase in second-hand home sales prices in July 2012. In the same period, sales prices of used homes per square meter were 3.10% in Adana. 2.52 percent in Izmir; 2.34 percent in Istanbul; 2.23 percent in Bursa; 2.15 percent in Ankara; It rose by 1.08% in Kocaeli.

In June, Adana was the province with the highest increase in residential rents per square meter, with an increase of 3.24 percent. In the same period, the value of housing rents was 2.68 percent in Antalya; 2.67 percent in Izmir; 2.59% in Kocaeli; 2.58 percent in Ankara; 1.79 percent in Istanbul; On the stock exchange, it rose 1.47%.

192  months in Istanbul, 208 months in Ankara

When return times for used homes were analyzed from July, the apartment price in Istanbul was equal to 192 months rent, while in Izmir this period was extended to 219 months. In Ankara, the price of the apartment was calculated as the equivalent of 208 months' rent.

According to a July 2012 report from Reidin.com - GYODER New House Price Index, new home prices rose 1.07 percent last month compared to the previous month and 12.42 percent compared to the same period a year earlier.

Last month, new home sales prices were 0.90% for 1+1 apartments, compared to the previous month. 1.03 percent in the 2+1 flat type; It increased by 1.17 percent in the 3+1 flat type and 1.55 percent in the 4+1 flat type. In June, the index was 0.99 percent in 51-75 square meters of homes compared to the previous month. 1.02% in dwellings of 76-100 square meters; 1.13 percent in dwellings of 101-125 square meters; 1.09 percent in dwellings of 126-150 square meters; It increased by 1.11% in dwellings of 151 square meters or more.

While assessing the July results, GYODER President Işık Gökkaya said: “This situation indicates that the price hike in new homes may continue in the coming period. On the other hand, when we separate the July results of the New Home Price Index, the increase in the index is 0.90 percent in 1+1 flat type; 1.03 percent in the 2+1 flat type; we must say this was achieved at a rate of 1.17 percent in the 3+1 flat type and 1.55 percent in the 4+1 flat type.