New house prices in Turkey up 8.35 percent in September

New house prices at Turkey increased by 8.35 percent in September compared with the same month the previous year, according to a new house price index that released by Reidin-GYODER.

New house prices in Turkey up 8.35 percent in September

New house prices at Turkey increased by 8.35 percent in September compared with the same month the previous year, according to a new house price index that released by Reidin-GYODER.

New home prices in Turkey increased 1.30 percent in September from the previous month, according to a report prepared by Garanti Bank in collaboration with Reidin-GYODER – an association of real estate investment companies.

In September, Reidin-GYODER new house price index increased by 1.24 pct in branded projects at European side of Istanbul and increased by 0.95 pct in Asian side of Istanbul.

While sales in branded projects were made to the foreign investors with 29 percent, it is observed that 1+1 flat types in 87m2 size are preferred with 42 percent in September, according to the Reidin-GYODER New home Price ındex.

Nurullah Kırmacı / nurullahkirmaci@emlakcoulisse.com

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