The biggest decrease was in Alanya and Antalya!
While the increase in housing prices continues, the rate of increase is slowing down. According to December 2023 data announced by the Central Bank of the Republic of Turkey (CBRT); The monthly increase in housing prices across Turkey was 1.15 percent and 75.5 percent annually. Thus, the slowest monthly increase in the last 4 years and annual increase in the last 2 years were observed. When we look at the increases on a provincial basis, it is noteworthy that popular cities fell out of the league. While big cities such as Istanbul, Antalya, and Izmir declined in the price increase rate list, Anatolian provinces came to the fore.
Housing and rent figures in Antalya peaked due to intense demand from Russians after the war started, and local people had difficulty finding housing. However, decreasing foreign demand brought about a decrease in the price increase rate. While the average square meter price in Antalya was 32 thousand 613 lira in January 2024, the annual price increase was calculated as 59 percent. However, in the same period last year, the annual increase was 162 percent, and 99 percent in 2022. In January this year, Antalya fell to 78th place in the annual price increase ranking. It was ranked 9th in January 2023 and 6th in January 2022. Thus, the province where the biggest decrease was detected was Antalya.
WHICH PROVINCES ARE AT THE SUMMIT?
While major cities remained behind in the price increase rate rankings, the following provinces were at the top: As of January 2024, Şırnak ranked first with an increase of 125 percent, followed by Ardahan with an increase of 122 percent, Kırklareli with an increase of 114 percent, Karabük and Hatay with an increase of 113 percent, and Kars with an increase of 112 percent. followed by Artvin with an increase of 110 percent, Erzincan, Ağrı, and Bitlis with an increase of 102 percent. On the other hand, the provinces with the slowest price increases are Adana at 49 percent, Adıyaman at 58 percent, Çanakkale, and Antalya at 59 percent, Bursa and Batman at 60 percent, Mersin at 61 percent, Yalova with 62 percent, Gaziantep with 63 percent and It was Duzce with 64.
According to January 2024 data, the province with the highest average square meter price was Muğla with 55 thousand 335 lira. Muğla is followed by Istanbul with 36 thousand 862 liras, Aydın with 32 thousand 868 liras, Antalya with 32 thousand 613 liras, Izmir with 30 thousand 492 liras, Balıkesir with 26 thousand 949 liras, Çanakkale with 26 thousand 721 liras, Bartın with 24 thousand 401 liras. It was followed by Sinop with 24 thousand 27 lira and Edirne with 23 thousand 507 lira. The province with the lowest average square meter price was Ağrı with 10 thousand 723 lira. It was followed by Muş with 11 thousand 53 liras, Siirt with 11 thousand 78 liras, Şırnak with 11 thousand 727 liras, Erzurum with 11 thousand 732 liras, Bingöl with 11 thousand 842 liras, Hakkari with 11 thousand 919 liras, Elazığ and 12 thousand 101 liras. Kırıkkale was followed by Kayseri with 12 thousand 575 liras.
