Real Estate

The rate of branded housing sales to foreigners is 7.05%

January 2021 results of the ‘REIDIN-GYODER New Home Price Index’ have been announced. According to the index, prices in January 2021 increased by 0.25% compared to the previous month and 7.08% compared to the same period last year.

Considering the down payment, bond, and bank loan usage rates of customers who buy houses from branded projects, 34.55% of branded housing sales were completed and 65.45% of them were unfinished housing stocks in January when the down payment usage rate increased to 51.22%.

According to the results of the “REIDIN-GYODER New House Price Index”, which are named as “branded projects” in the public and developed mainly on the houses produced by corporate real estate companies; In January 2021, there was a nominal increase of 0.25% compared to the previous month, 7.08% compared to the same period of the previous year and 104.30% compared to January 2010, which is the starting period of the index.

The rate of branded housing sales to foreigners is 7.05% 2

Decrease in 1+1, increase in 2+1, 3+1 and 4+1

In the New House Price Index, a nominal decrease of 0.47% was observed in the 1+1 flat type in January compared to the previous month. There was a nominal increase of 0.51% in 2+1 house type, 0.35% in 3+1 type and 0.48% in 4+1 house type.

The rate of sales to foreigners is 7.05%

It was noted that 7.05% (7.57% on average for the last 6 months) of sales made within the scope of branded housing projects in January were made to foreign investors. In these sales, 53.66% of 2+1 housing types were preferred.

Down payment usage rate increased in January: 51.22%

Considering the rates of down payment, promissory note, and bank loan usage of the customers who buy houses from branded projects; In January 2021, it was determined that the down payment usage rate was 51.22%, the bank loan usage rate was 22.59% and the bond usage rate was 26.19%. In December, the use of down payment was 45.41%, the use of bank loans was 24.47%, and the use of promissory notes was 30.12%.

The rate of branded housing sales to foreigners is 7.05% 3

Destocking rate: 5.39%

Looking at the destocking rate of branded properties in January, a decline of 5.39% was recorded on unit basis. Destocking rate was determined as 5.54% in December.

65.45% of sales are from unfinished housing stocks

Of the branded houses sold in January, 34.55% consisted of finished housing stocks and 65.45% unfinished housing stocks. In December 2020, 35.89% of branded housing sales were completed, 64.11% consisted of unfinished housing stocks.

Source: Emlakkulisi / Translated by Irem Yildiz

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