16.07.2024
Turkey real estate market analytics for May 2024
Financial strategies for investing in real estate in Turkey. Information about various types of investments, market analysis, expert advice, and everything to help you make an informed choice.
1️⃣ In May, real estate prices in the Istanbul and Bodrum areas decreased compared to the same period last year. On a year-on-year basis, the year-on-year decrease in the average price by 2023 in Istanbul was 12.6% in dollars, while in Bodrum it was 10%. This was roughly the same rate of decline in April, at 11% and 9%.
2️⃣ In Turkey in May, the total number of transactions significantly increased by more than 30% compared to the previous month, amounting to 110,588 properties. Compared to May 2023, the decrease was a marginal 2.4%. The share of transactions for new buildings was almost unchanged and reached 32.2%.