Bridge, October 2021

Considering the August data for 2020 and 2021, it is observed that there was a 32% decrease in Turkey’s average as in the previous month. Despite the limited increase of 8% in house sales, the fact that the increase in values was 30% on average for a long time indicates that the supply doesn’t meet the demand and deferred construction costs were reflected in the values. Considering the occupancy permits
and building licenses that were issued, it is predicted that the increase in value above inflation will last about 18 months.

Considering the September data of 2020 and 2021, it is observed that there was an 8% decrease in Turkey’s average. The change in selling
rates compared to the previous year was limited due to the increase in housing prices and the high cost of using loans.