Annual Price Dynamics Announced for Various Turkish Provinces

According to Emlakkulisi, as of May 2024, the average housing price in Türkiye has increased by 58% in Turkish lira. This is still below the annual inflation rate of 75%. The average price per square meter of residential space this spring reached 31,885 Turkish lira (TL). Consequently, the average cost of a typical 100 square meter apartment is approximately 3.2 million TL. However, prices vary significantly from province to province.

Here are the average prices per square meter in provinces where housing prices have increased the least over the past year:

• Adana: Average price per square meter - 19,212 TL, average annual increase - 34.53%
  
• Antalya: Average price per square meter - 35,057 TL, average annual increase - 38.19%
• Bursa: Average price per square meter - 22,535 TL, average annual increase - 41.18%
• Denizli: Average price per square meter - 22,028 TL, average annual increase - 42.32%
• Mersin: Average price per square meter - 23,404 TL, average annual increase - 42.94%
• Samsun: Average price per square meter - 21,312 TL, average annual increase - 45.01%
• Diyarbakir: Average price per square meter - 16,369 TL, average annual increase - 46.15%
• Izmir: Average price per square meter - 33,570 TL, average annual increase - 46.61%
• Sanliurfa: Average price per square meter - 14,234 TL, average annual increase - 47.26%
• Edirne: Average price per square meter - 25,602 TL, average annual increase - 48.56%

These figures highlight the significant variations in housing price dynamics across different regions of Türkiye. While some provinces have seen modest increases, others have experienced more substantial growth, reflecting diverse economic and market conditions.

BARNES Türkiye is here to assist you in navigating these market changes, offering a wide range of properties and expert advice to help you make informed decisions whether you are buying, selling, or investing in real estate.