BETAM has published the expected report, signs of recession in the housing market have increased

Bahçeşehir University The Housing Sale Market Outlook report prepared by the Center for Economic and Social Research (BETAM) has been published. With the published BETAM Housing For Sale Market Outlook October 2022 report, the annual rate of price increase across the country decreased by 1.9 percent compared to the previous month.

This decline after the July 2021 period made history for the first time. Since July 2021, the rate of increase in housing prices has decreased for the first time. In September, the annual rate of price increase in Istanbul also decreased and fell by 9.4 percent compared to the previous month.

The rate of increase in housing prices has decreased!

BETAM Housing For Sale Market Outlook: October 2022 report was published this month with the title «Signs of recession in the housing markets». While the average house price in Turkey increased by 196.80 percent, the average house for sale across Turkey The current price of the announced square meter increased by 196.8 percent and reached 13 thousand 766 TL.

In the same period, this figure is 229.4 percent in Istanbul, 205.6 percent in Ankara and 183 percent in Izmir. After the increase, the average square meter price of the residence for sale in Istanbul was 20 thousand 588 TL, the square meter price of the residence for sale in Ankara was 9 thousand 307 TL and the average square meter price of the residence for sale in Izmir was 15 thousand 455 TL. It is stated that while the real prices decreased by 16.7 percent, there was a slowdown in real prices.

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