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Raporu indirmek için MINTLAB_SEPTEMBER 2022 NO 20
Specific to Istanbul, total returns including capital gain and gross rental income in July reached 8,60% monthly and 204,95% annually. In the retrospective 12 years as of July 2022, total returns of housing investments in Istanbul (26,81%) was higher than returns of financial investment tools rather than gold (26,99%). (Resources: TÜİK & TCMB)
Raporu indirmek için MINTLAB_SEPTEMBER 2022 NO 20
When Residential Property Price Index published by Central Bank of the Republic of Turkey for July is analyzed, it could be seen that all across Istanbul there was a nominal increase in housing prices by 8,18% monthly; 62,56% half-yearly; 200,13% annually, and 78,67% 5 yearly. It could be said that in the long run real return in Istanbul reflected positively. On the other hand, our Istanbul residential property price index expectation change for August is +6,35%.(Resources: TÜİK & TCMB)
Raporu indirmek için MINTLAB_SEPTEMBER 2022 NO 20
Housing prices in Istanbul were calculated as 22.590 TL/m2 and 1.298 U.S. Dollars/m2 as of July. Housing prices increased by 225% in local currency and increased by 61% in U.S. Dollars compared to the same month of last year.(Resources: TÜİK & TCMB)
Raporu indirmek için MINTLAB_SEPTEMBER 2022 NO 20
Based on «Construction Cost Index» data prepared by Turkish Statistical Institute, construction costs increased by 6,45% monthly, and increased by 114,73% annually in July 2022. The fact that correlation between construction cost index and exchange rate of dollar is at +0,99 level, demonstrates that variability in exchange rate has absolute effect on construction input costs.(Resources: TÜİK & TCMB)
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