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LINK TO DOWNLOAD THE REPORT MINTLAB_MARCH 2023 NO 26
Specific to Istanbul, total returns including capital gain and gross rental income in January reached 6,43% monthly and 161,98% annually. In the retrospective 13 years as of January 2023, total returns of housing investments in Istanbul (33,81%) was higher than the financial investment tools. (Source : TUİK&TCMB)
LINK TO DOWNLOAD THE REPORT MINTLAB_MARCH 2023 NO 26
Housing prices in Istanbul were calculated as 28.950,10 TL/m2 and 1.538 U.S. Dollars/m2 as of December. Housing prices increased by 145,4% in local currency and increased by 76,6% in U.S. Dollars compared to the same month of last year.(Source : TUİK&TCMB)
LINK TO DOWNLOAD THE REPORT MINTLAB_MARCH 2023 NO 26
In Istanbul in February 2023, 1.380 houses were sold to foreigners. Sales in Istanbul were 34% of the total houses sold to foreigners in Turkey. On the other hand, the level of sales in February were lower 247 houses than the last month. It could be said that there was a correlation of +0,67 between the exchange rate and the housing sales to foreigners.(Source : TUİK&TCMB)
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