Prices of houses have increased by 9.50 percent!
According to the REIDINI Property Index, housing prices in Turkey have risen by 1.22 percent compared to the previous month and by 9.50 percent compared to the same period of the last year.
According to the REIDIN-GYODER New Housing Price Index, there was a price increase of 0.50 percent in branded housing projects located on the Istanbul Asian Side in April and a price increase of 0.23 percent in branded housing projects located on the Istanbul European Side. According to the initial period of the index, the projects on the Asian side of Istanbul increased by 10.4 points compared to the European side.
The increase in house prices continues to force citizens. People who complain about high house prices can not buy houses without using home loans, so credit usage is also increasing at a great rate. This increase in home loan utilization rates has led banks to produce a wide range of home loan campaigns.
People are wondering how long this increase in property prices will continue. Looking at Turkey in general, Istanbul has the highest level of house rent and selling price, and it is leading to house prices.
The increase in the number of houses bought with foreign currency by the facilities provided for foreign investors to buy houses from Turkey is one of the important factors in the high housing prices. Prices are not likely to fall because there is a lot of demand for buying houses.