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Turkish Real Estate Sector by Numbers

Turkish Real Estate Sector by Numbers

Turkish Real Estate Sector by Numbers

Shares in real estate sales :

Istanbul-Ankara-Izmir : %41

Other cities : %59

Mortgage Shares :

Istanbul-Ankara-Izmir : %55.6

Other cities : %44.4

Mortgage Used in 2012 :

86,000,000,000 TL

Average Price Increase in Turkish Newly Built Homes in past 4 years (2009-2012) :

27%

Average Price Increase in Turkish Homes in past 4 years (2009-2012) :

26%

Number of Homes in Turkey :

19,296,997

New Home Sales :

2008 : 427,000
2009 : 531,000
2010 : 357,000
2011 : 419,000
2012 : 431,000

Home Sales to Foreigners in 2012 :

2,600,000,000 USD (some sales postponed to 2013 after a delay in passing the new legislation)

Construction Permits :

Istanbul : 156,694
Ankara : 75,466
Izmir : 39,198
Antalya : 34,319
Bursa : 26,264

Construction Permits in total :

2008 : 501,005
2009 : 516,229
2010 : 901,705
2011 : 650,285
2012 : 741,592

Office Space in Istanbul :

3,715,034 sqm

Rentable Mall Space in Istanbul :

7,934,426 sqm

May 2013