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2022 was a record year for the Turkish real estate market: not only sales, but also prices rose. Below are the 3 most popular districts of the country:
- Esenyurt (Istanbul), which accounted for 14% of the total number of deals concluded in Istanbul. Prices increased by 158% compared to 2021 and reached an average of $70,390 per property.
- Alanya (Antalya), where 22% of all transactions were registered in Antalya. The annual increase in the cost of housing was 189%. The average value of the property reached $167,740.
- Çankaya (Ankara). 17% of the total number of transactions made in Ankara have been concluded in Çankaya.
The payback period for housing investments in these areas varies from 15 to 21 years.
