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| The demand for the cottage doubled the price :Image Credit "Milliyet" |
The demand for the cottage doubled the price :
The demand for cottages, which has attracted attention since the pandemic, has caused the housing sales values to increase in summer areas. The highest increase in house sales value in 3 years was realized in Sile by approximately 9 times.
DUYGU ERDOGAN - The high demand for real estate brought about an uncontrolled rise in prices. Investor interest in cities and pandemic-based needs in summer areas are seen as important factors in this rising momentum. For this reason, in the 3-year period since 2020, the sales values of houses in summer areas have doubled in some regions.
Endeksa, which offers real estate value calculation with artificial intelligence, in its report focusing on summer areas, stated that Istanbul Sile has lived in the last 3 years in housing sales values. With an increase of 884, it ranks top in Turkey. An 867 percent gain in value in Antalya, 815 percent in Alanya, 675 percent in Bodrum, 638 percent in Silivri, and 713 percent in Mersin during the previous three years stands out.
1 square meter 40 thousand TL
In this context, the demand created by those who do not want to be close to the city center of Istanbul and who do not want to live in the center accelerated the price increases in Sile and Silivri. Istanbul ranks top in Turkey, with an 884 percent rise in the previous three years. While the value growth in property sales prices in the Nile region over the previous three years has reached 884 percent, the increase in the last year has been estimated at 132 percent. The price per meter for the houses for sale in Sile is close to 40 thousand liras. The number of stocks in residences for sale in Sile was 429, while it was 77 in rental properties.
Antalya is in second place In the ranking of the increase in the value of the houses for sale in 3 years, Antalya took second place in Turkey. While the increase in sales price value in the city has increased by 867 percent in the last three years, this rate has been 141 percent for the last year. The number of housing stock for sale in Antalya was measured as 5 thousand 744 and for rental houses as 2 thousand 68. According to the current data of April 2023 on a square meter basis, the sales price per square meter in Antalya was 26 thousand.
In Bodrum, which stands out among the summer areas, the price increase of houses for sale in the last year was measured as 93 percent. Even this one-year increase on the basis of the already high price measure has again doubled current prices. The sale price per square meter exceeds 60 thousand liras. The level of increase in sales prices in Bodrum in the last 3 years is at a very high point of the average, such as 675 percent.
Alanya was the most demanded district due to the war environment between Russia and Ukraine. The increase in the foreign population increased the prices in the district rapidly. In the sale market in Alanya, the increase in the last 3 years was 815 percent, while the increase in value in the last year was 130 percent.
Rents are also rising fast :
The rise in the rental housing market in summer areas is similar to the increase in the sale house market. Housing rentals in ile have risen by 144% in the last year and 739% in the last three years. In Antalya, housing rents have increased by 79 percent in the last year and by 434 percent in the last three years. Rents in Alanya have increased by 613 percent in the last 3 years. This rate is 108 percent in Kusadasi, 133 percent in Canakkale, and 117 percent in Fethiye. The increase in Mersin, which manifests itself in the preference for summer resorts, has been caused by earthquake migrations in the last period. Rental housing prices in Mersin have increased by 124 percent in the last 1 year.
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