The prices of apartments in Turkey jumped significantly at the beginning of 2021, and this highlights that the real estate and investment sector rebounded in light of the crisis of the spread of the Corona virus in the country, as the Corona virus threatened all sectors in Turkey, especially the real estate market, which faced great challenges during the year 2020 and the real estate market contraction.
Average prices of apartments in Turkey
Each city differs from another in the average prices of apartments in Turkey, where 82 states differ from each other in the price per square meter of apartments
Also, the most vibrant Turkish states are characterized by high real estate prices, and this is normal because people tend to live in these states more than others.
Prices of apartments in Turkey in Istanbul
Prices of apartments in Turkey, Antalya
Prices of apartments in Turkey in Ankara
Prices of apartments in Turkey in Bursa
Prices of apartments in Turkey in Izmir
The average price per square meter for apartments in a number of Turkish states
The prices of apartments in Turkey vary according to whether the apartment is inside or outside a residential complex, because services within the residential complexes increase the price of the property by nearly double, as explained in the following table:
The price per square meter in Istanbul outside the residential complexes reached 4800 TL, while in the residential complexes 8900 TL.
The price per square meter in Ankara outside residential complexes reached 2,400 TL, while in residential complexes, 5600 TL.
The price per square meter in Antalya outside residential complexes reached 3150 TL, while in residential complexes 7700 TL.
The price per square meter in Bursa outside residential complexes reached 2600 TL, while in residential complexes 5800 TL.
The price per square meter in Izmir outside residential complexes reached 4000 TL, while in residential complexes 8100 TL.
Average prices of apartments in Turkey in the past years
The average price per square meter of housing in 2020, between: 3200 to 3800 TL
The average price per square meter of housing in 2019, between: 2400 to 3000 TL
Increase in the price per square meter within one year: 6%
Capital Payback Period: 19 years
The average rent value for an apartment of 100 square meters ranged between: 1400 to 1700 TL, while the monthly rents for the same apartment in the previous year ranged between 1250 to 1550 TL.
The increase in the price of apartments
By comparing the prices of apartments in Turkey between the beginning of 2021 and previous years, we arrive at the following statistical ratios:
State rate of increase in apartment prices
Within 1 year Within 3 years During 5 years
Istanbul 2.88% 22.6% 46.2%
Ankara 2.93% 37.2% 60.8%
Antalya 3.13% 64.5% 103.3%
Bursa 2.65% 38.7% 99.4%
Izmir 3.2% 49.4% 105.3%
Average rent for an apartment of 100 square meters in Turkey
As for the rents of apartments in Turkey, they are commensurate with the prices of the apartments, as well as whether the apartment is in a residential complex or outside it. We have collected official statistics for the average rent of an apartment of 100 square meters in the five states that we are talking about, as they are the most lively in Turkey:
The average rent for an apartment in Istanbul outside residential complexes is 2000 TL, while in residential complexes 3700 TL.
The average rent for an apartment in Ankara outside the apartment complexes is 1000 TL, while in the apartment complexes is 2325 TL.
The average rent for an apartment in Antalya outside the residential complexes is 1550 TL, while in the apartment complexes is 3775 TL.
The average rent for an apartment in Bursa outside residential complexes is 1150 TL, while in residential complexes is 2550 TL.
The average rent for an apartment in Izmir outside the residential complexes is 1675 TL, while in the residential complexes 3375 TL.
The increase in the rent of apartments in the Turkish states
Rents in Turkey have witnessed a significant increase during the last period, as shown in this table:
State rate of increase in real estate rent
Within 1 year Within 3 years During 5 years
Istanbul 2.09% 23.8% 35.8%
Ankara 1.75% 33.7% 49.4%
Antalya 3.03% 75.6% 103.4%
Bursa 1.28% 28.9% 82%
Izmir 2.09% 39.8% 92.5%
Apartment prices in Istanbul
We have talked in the past paragraphs about Istanbul, but in general, and we will devote this paragraph to more detail about the most lively neighborhoods in Istanbul, and the high real estate prices in them.
Conqueror
Beyoglu
Sariyer
Bagcilar
Borno olives
Basaksehir
famous
Beylikduzu
Esenyurt
escudar
Kadikoy
Real estate prices in the neighborhoods of Istanbul
According to the latest statistics issued at the beginning of 2021, the value of the square meter price in the most famous neighborhoods of Istanbul reached what is shown in the following table:
The average price per square meter for apartments in Al-Fatih outside the apartment complex is 4725 TL in the apartment complex is 8800 TL
Average price per square meter for apartments in Beyoglu outside apartment complexes 5150 TL In apartment complexes 9700 TL
Average price per square meter for apartments in Sariyer outside apartment complexes 13700 TL In apartment complexes 21000 TL
Average price per square meter for apartments in Bagcilar outside apartment complexes 3625 TL In apartment complexes 6950 TL
Average price per square meter for apartments in Zeytinburnu outside apartment complexes 4850 TL In apartment complexes 9200 TL
The average price per square meter for apartments in Basaksehir outside the apartment complexes is 5925 TL in the apartment complex is 11000 TL
Average price per square meter for apartments in Bahcesehir outside apartment complexes 6950 TL In apartment complexes 11800 TL
Average price per square meter for apartments in Beylikduzu outside apartment complexes 3100 TL In apartment complexes 5400 TL
The average price per square meter for apartments in Esenyurt outside residential complexes is 2700 TL in apartment complexes 5100 TL
Average price per square meter for apartments in Uskudar outside apartment complexes 5500 TL In apartment complexes 9300 TL
average price
