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LINK TO DOWNLOAD THE REPORT MINTLAB_MAY 2023 NO 28
Specific to Istanbul, total returns including capital gain and gross rental income in March reached 5,15% monthly and 132,68% annually. In the retrospective 13 years as of March 2023, total returns of housing investments in Istanbul (35,21%) was higher than the financial investment tools. (Source : TUİK&TCMB)
LINK TO DOWNLOAD THE REPORT MINTLAB_MAY 2023 NO 28
Housing prices in Istanbul were calculated as 33.781 TL/m2 and 1.780 U.S. Dollars/m2 as of March. Housing prices increased by 120% in local currency and increased by 69% in U.S. Dollars compared to the same month of last year. (Source : TUİK&TCMB)
LINK TO DOWNLOAD THE REPORT MINTLAB_MAY 2023 NO 28
In Istanbul in April 2023, 792 houses were sold to foreigners. Sales in Istanbul were 31% of the total houses sold to foreigners in Turkey. On the other hand, the level of sales in April were lower 298 houses than the last month. It could be said that there was a correlation of +0,65 between the exchange rate and the housing sales to foreigners.(Source : TUİK&TCMB)
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