House prices in Turkey rose 173% in the last year and broke a record

The Central Bank of the Republic of Turkey announced the house price index. According to the data, house prices in Turkey have increased by a record 173.8% in the last one year.

The highest price increase in Istanbul

The price of an average house in Istanbul increased by a record 200%. The rate of increase was 208% in new buildings and 202% in non-new buildings. The price per square meter of an average house in Istanbul increased to 22,590 TL. Thus, the minimum sales price of a standard 100 square meter house rose to 2 million 259 thousand TL.

What is the cheapest house price?

The price per square meter of housing increased to 13,936 TL throughout the country. Thus, the average selling price of a 100 square meter house was 1 million 393 thousand TL.

3-digit increases in Ankara and Izmir

In the last one year, house prices increased by 181% in Ankara and 162.2% in Izmir. Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!