15 thousand 929 houses were sold in Istanbul in February 2021 Author iDealData


© Reuters Istanbul Statistics Office: 15 thousand 929 houses were sold in Istanbul in February 2021 **

Istanbul Statistical Office published the report “Istanbul Economy Bulletin – Housing Market March 2021”. Details of the report are as follows:

15 thousand 929 houses were sold in Istanbul in February 2021

Housing sales in Istanbul decreased by 30% in January 2021 compared to the same period of the previous year. 28% of the house sales were zero and 72% of them were second hand sales. Zero housing sales decreased by 38% compared to the same period of the previous year, and second hand housing sales decreased by 26%.

Mortgaged house sales in Istanbul decreased by 62% compared to the same period of the previous year

Mortgaged house sales in Istanbul decreased by 62% in February 2021 compared to the same period of the previous year. While the share of mortgaged house sales in the total was 37% in February 2020, it decreased to 20% in 2021. Second-hand mortgaged house sales decreased by 57% and zero mortgaged house sales by 72% compared to the same period of the previous year.

Housing sales decreased by 46.5% in Ümraniye and 39.6% in Başakşehir in February compared to the same period of the previous year.

Looking at housing sales by districts in Istanbul, housing sales in all districts decreased in February 2021 compared to the same period of the previous year. The highest decrease occurred in Ümraniye, Başakşehir, Küçükçekmece, Kağıthane and Esenler, respectively.

Istanbul’s share in housing sales to foreigners increased in February 2021

In February 2021, total house sales to foreigners in Istanbul decreased by 23% compared to the same period of the previous year. 51% of total housing sales to foreigners were made from Istanbul.

In January 2021, zero house prices in Istanbul increased by 25% compared to the same period of the previous year, while second-hand housing prices increased by 28%.

Looking at the end of January 2021 in Istanbul, zero housing prices increased by 25% on average compared to the same period of the previous year, while second-hand housing prices increased by 28%. In the same period in Turkey is both zero and second-hand housing prices increased by 30% compared to the same period of the previous year.

The number of buildings with building permits in 2020 increased by 43% compared to the previous year.

In Istanbul, the number of buildings given construction permits by the municipalities in 2020 increased by 43% compared to the previous year. 90.7% of these buildings were for residential purposes and 9.3% were non-residential buildings.

The area of ​​the buildings for which building permits were given in 2020 increased by 36% compared to the previous year.

The area of ​​the buildings, which were given building permits by the municipalities in Istanbul in 2020, increased by 36% compared to the previous year. Of these structures, 50% was residential, 22% non-residential and 27% common area.

According to the building license, the value of buildings for which residence permits were issued increased by 14.2% in 2020 compared to the previous year, while the average permit value of office / workplace buildings decreased by 73%.

According to the building license, the value of the buildings for which residence permit was given increased by 14% compared to the average of the previous year and reached 3.2 million TL. While the value of one-apartment buildings according to the building license increased by 25% compared to the previous year’s average, the average license value of two-apartment buildings decreased by 2%. The highest increase was in buildings with three or more flats with 27%. The value of non-residential buildings increased by 10% according to the building license. Hotel etc. the value of the buildings decreased by 39%, the value of office / business buildings decreased by 73%, while the value of wholesale and retail trade buildings increased by 124%.

-iDeal News Center-

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