In August, new and second hand houses’ average price increased by 1.45 percent compared to previous month and 16.76 percent on a yearly basis.
According to the Reidin Real Estate Indices, which are prepared by Reidin.com and GYODER (Real Estate and Real Estate Investment Companies Association) with the support of Garanti Mortgage, in August 2014, new house prices also increased by 0.4 percent compared to the previous month and 8.35 percent on a yearly basis.
The largest increase was in Istanbul.
In August, the largest price increase per square meter was in Istanbul with 1.81 percent.
In the same period, house prices increased by 1.35, 1.28, 0.89, 0.88, 0.75, 0.57 percent in Bursa, Antalya, Izmir, Adana, Kocaeli and Ankara.
Indices also show that 22 percent of branded house sales were made to the foreigners, in August. Six-month average of sales to the foreigners was 18 percent.
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