Makro Life, Turkey's leading proptech company, announced its January 2025 Housing Value Report. According to the data, although house prices for sale in Turkey increase in nominal terms on an annual basis, the downward trend continues in real terms. In January, house prices for sale in Turkey increased by 25% on an annual basis and 1% on a monthly basis. However, considering the inflation effect, prices decreased by 13% in real terms in one year and 2% in one month. While the average residential square meter sales price increased to 30,136 TL, the average housing price reached 3.95 million TL. The return period of the housing investment was calculated as 13 years.
Görkem Öğüt, General Manager and Founding Partner of Makro LifeHe said the following about the report:
"While the real downward trend in housing sales prices continues, the increase in rental prices offers important opportunities for investors. The depreciation period throughout Türkiye 13 years level, which is the same period in many European cities. 20-25 years around. In our country, at the end of 2022 and the beginning of 2023 18 years was at the level. This shows that housing investment is again a strong option. We expect housing prices to rise again in real terms this year with the expected interest rate cuts and easier access to credit. Therefore, now is a very good time for those who want to invest in housing and many people are moving in this direction. According to Makro Life data, housing stock increased in Istanbul in January %21, in Ankara %11, in Izmir %13 showed a decline.”
The ones that bring the most profit to investors: Erzurum and Ağrı
In Makro Life's January Housing Value Report, provinces with more than 100 total stocks were analyzed. Cities that provide the most profit to housing investors since January 2024 Erzurum and Pain happened. House prices for sale in Erzurum in a year %61 while increasing in real terms %12 rose. Average square meter price 18.893 TL happened. The average house price is in January 2024 1.9 million TLWhile as of January 2025 3 million TLIt rose to . Prices of houses for sale in Ağrı, which follows Erzurum, are nominally %55 increased. When adjusted for inflation, %8 an increase was observed. Average square meter sales price 16.629 TL In Ağrı, where housing prices are in January 2024 1.7 million TL while in January 2025 2.6 million TL happened.
The provinces with the least increase: Muğla and Antalya
The provinces in Türkiye where housing prices for sale increased the least on an annual basis are: mugla and Antalya. Annual nominal change in Muğla, which is one of the regions with the most expensive average real estate price in the country %17. When adjusted for the inflation effect, the real house prices for sale in Muğla are %18 appears to be declining. Average residential square meter sales price here 64.780 TL, the average house price is 8.5 million TL. In Antalya, annual nominal change %20,6 while in reality %16 There was a decline. Average square meter price in this province 39.346 TL, the average selling price is 4.5 million TL.
Among the 3 big cities, Ankara ranks first in price increase
Among Turkey's 3 largest cities, it is the city where house prices for sale increased the most in a year. Ankara happened. Nominal price increase in Ankara %30,7 While in real terms %9There was a decrease of . Price per square meter of housing in the capital 25.937 TLand the average house price is 3.4 million TLIt rose to . IzmirPrices in nominal terms %28,5 increases, when adjusted for the effect of inflation, prices increase %10 a decrease was observed. Average house price in Izmir 4.9 million TL, housing square meter price is 39.179 TL happened. 'Istanbul'house prices for sale on an annual basis %25 While it increased in nominal terms, in real terms %13 declined. Average housing square meter price in the megacity 46.055 TL, the average house price is 5.3 million TL It was recorded as .
On the other hand, the lowest housing sales prices in Turkey karsIt was recorded in . Average housing square meter price in this province 18.764 TL, the average house price is 1.9 million TL.
Rental prices are increasing in real terms across Türkiye
According to Makro Life's current data, rents across Türkiye are on an annual basis. %40,5 rising on a monthly basis %3 increased. According to inflation-adjusted data, rents increase in real terms in a year. %2 decreased, but remained stable compared to last month. Average square meter rental price across Türkiye 187 TLIf the average rent is 20,542 TL at the level.
Ankara, Istanbul and 'Izmir'Annual nominal change of rents in %45 with %49 between. When we look at the changes adjusted for inflation, it is seen that in Istanbul %2in Ankara and Izmir %4 an increase is observed. Average rental price in Ankara, Istanbul, Izmir 22 thousand to 26,500 TL varies between.
The cities with the highest average rental price are: Muğla and Istanbul. Average rental prices in these two cities, respectively 26.636 TL and 26.510 TL while square meter prices 265-266 TL at the level. Among the provinces with the lowest rental prices Mus, Hakkari and church stands out. Average rental price in these provinces 10 thousand TL around.
