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TUIK 2020 August Housing Sales Statistics Announced

July 7, 20220

Turkish Statistical Institute August 2020 Housing Sales Statistics has been announced. Total house sales in Turkey amounted to 170 thousand 408.

Housing sales across Turkey increased by 54.2% in August 2020 compared to the same month of the previous year and became 170 thousand 408. Istanbul had the highest share in house sales with 30,292 house sales and 17.8%. According to the number of sales, Istanbul was followed by Ankara with 17 thousand 131 house sales and 10.1% share, and İzmir with 11 thousand 145 house sales and 6.5% share. The provinces with the lowest number of house sales were Hakkari with 13 houses, Ardahan with 22 houses and Şırnak with 99 houses, respectively.

Mortgage housing sales amounted to 76 thousand 19 in August 2020

Mortgaged house sales across Turkey increased by 122.6% in August 2020 compared to the same month of the previous year and became 76 thousand 19. The share of mortgaged sales in total house sales was 44.6%. Istanbul took the first place in mortgage sales with 15,367 house sales and a 20.2% share. The province with the lowest mortgaged house sales was Hakkari with 2 houses.

As a result of other sales types, 94,389 houses changed hands.

Other house sales in Turkey in August 2020 increased by 23.6% compared to the same month of the previous year and became 94 thousand 389. In other house sales, Istanbul ranked first with 14,925 house sales and a share of 15.8%. The share of other sales in total house sales in Istanbul was 49.3%. Ankara took the second place with 8 thousand 10 other house sales. İzmir followed Ankara with 5,518 sales. Hakkari was the province with the lowest other house sales with 11 houses.

52 thousand 123 houses were sold for the first time in house sales

The number of houses sold for the first time in Turkey in August 2020 increased by 28.3% compared to the same month of the previous year and became 52 thousand 123. The share of the first sale in total house sales was 30.6%. In the first sales, Istanbul had the highest share with 8,103 house sales and 15.5%, followed by Ankara with 3,891 house sales and Izmir with 3,193 house sales.

118 thousand 285 houses changed hands in second-hand house sales

Second-hand house sales across Turkey increased by 69.2% in August 2020 compared to the same month of the previous year and became 118 thousand 285. In second-hand house sales, Istanbul ranked first with 22 thousand 189 houses and a share of 18.8%. The share of second-hand sales in total house sales in Istanbul was 73.3%. Ankara took the second place with the sales of 13 thousand 240 houses. İzmir followed Ankara with 7 thousand 952 house sales.

Housing sales increased by 42.6% in the January-August period

In the January-August period, 1 million 24 thousand 534 houses were sold, increasing by 42.6% compared to the same period of the previous year. In the January-August period, mortgaged house sales increased by 263.7% to 473 thousand 114, while in other sales types it decreased by 6.3% to 551 thousand 420. In this period, the houses sold for the first time increased by 11.2% and became 317 thousand 832. Second-hand house sales increased by 63.3% to 706 thousand 702.

3 thousand 893 houses were sold to foreigners in August 2020

Housing sales to foreigners increased by 8.0% compared to the same month of the previous year and became 3 thousand 893. In the housing sales to foreigners, Istanbul took the first place in August 2020 with the sales of 1,648 houses. Antalya was followed by Antalya with 784 house sales, Ankara with 288 house sales, Mersin with 148 house sales and Yalova with 133 house sales, respectively. Housing sales to foreigners in the January-August period, on the other hand, decreased by 24.7% compared to the same period of the previous year and became 20 thousand 896. In August, Iranian citizens bought 640 houses from Turkey. Iran was followed by Iraq with 592 houses, Russian Federation with 366 houses, Afghanistan with 156 houses and Azerbaijan with 154 houses.

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What Should Be Considered While Investing in Land?

July 6, 20220

Land investment is one of the most preferred investment types in our country, especially in recent years. However, there are some points to be considered before choosing this type of investment with a high profit return. It is not possible to take these into account one by one, invest with sure steps and not earn a profit.

Land investment, which has taken its place among the new investment trends in recent years, is an investment type that needs attention beforehand, although it does not require expertise. We can list these issues as follows;

First of all, the taboo of the land to be invested should be examined before the purchase takes place. The reason for this is to learn whether the land is zoned or unzoned (field). Today, the land to be invested must have a zoning permit. In other words, there must be land on which an immovable structure can be built.
Another issue to be considered is the location of the land to be invested. While determining this area, attention should be paid to the city where the land is located, where the city is developing, the value of the region where the land is located and its valuation tendency, the distance to main roads, hospitals and public transportation vehicles, and important natural areas (such as lake, sea, forest and farm) in its vicinity. required. If the investment is made by taking these aspects into account, it is possible to earn a profit as soon as possible.
It is definitely possible to make a profit in the long run with the lands purchased from developing and prone to development areas. Today, many investment opportunities are offered for these regions under the name of investment land project. The regions where these projects are located and the issues such as the share and ownership structure offered to the investors should be thoroughly investigated beforehand.
How the land is sold is also an issue to be considered. In other words, it must be sold in cash, in installments, etc.
Finally, of course, it is necessary to investigate in advance whether there is a use barrier or restriction on the land to be invested. If there is such an issue, the reasons should be learned.

Considering all these issues, a profit will definitely be made when the investment is made. However, realization of this gain in the short term can only be possible by providing the majority of the above items.

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Points to Consider When Buying a House

June 1, 20160

Today, there are many forms of investment that people can choose. The most preferred one is to buy a house. Families who want to secure their future, not to worry about rent and leave a home for their children want to buy a house for this. So what are the points to consider when buying a house?

You Should Clearly Determine How Much Budget You Have

Buying a house is a very long process that needs to be progressed by making good evaluations. Adjusting yourself both financially and morally during this process will ensure you are safe from encountering undesirable results. Therefore, you should determine from the very beginning how much you can budget for the house you will buy, whether you need to take out a loan, and if you are going to take out a loan, how much of a loan is in question.

You Should Do Your Market Research Well

Doing research on other houses that have the features of the house you are considering will help you to be in an advantageous position by avoiding the regrets you will experience later. It will be easier with market research to bargain on houses that are priced much more than they are worth, and it will save you from taking a loss.

You Must Make Sure There Is No Mortgage Or Foreclosure Decision On The Home

Since the land registry records are taken under protection in government offices, the status of the owner of the title in the state is followed up-to-date. If the landlord has borrowed money, mortgaged the house or foreclosed on the house, you should act with the awareness that this situation will also be reflected on the next owner. Mortgaged or foreclosed apartment owners often sell the house at a fraction of the cost to get rid of these debts. If you notice a suspicious situation, you should definitely look into this issue.

If There Is A Tenant Inside, Evaluate The Agreement

The owner of the house before you may have preferred to hire tenants instead of living in the house. In this case, the lease agreement was drawn up and signed according to the previous landlord’s terms. If the house will continue to be occupied by the tenant after it changes hands, the current contract should be reviewed and the conditions of the previous landlord should be learned. Otherwise, you may encounter problems in the future.

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NO TAXES, DUTY AND REVOLVING CAPITAL FEES WILL BE CHARGED IN THE SALES TRANSACTIONS OF SHAREHOLDING AGRICULTURAL LANDS

June 1, 20160

Law No. 7255 on Making Some Arrangements in the Field of Food, Agriculture and Forestry, amending the Law No. 5403 on Soil Conservation and Land Use, was published in the Official Gazette dated 04.11.2020 and entered into force. Article 19 of the Law No. 7255 and Article 8/I of the Law No. 5403 have been amended and exemptions from taxes, fees and revolving fund fees have been introduced for the sale transactions of the agricultural lands with shareholding.

One of the biggest problems in agricultural lands in our country is the problem of shareholding. There are thousands of shares in square meters and square centimeters in agricultural lands. Although the owners want to sell these shares, these shares cannot be sold because the tax and revolving fund fees are higher than the land value. With the new regulation made in Law No. 5403, in case of sale of shares below the minimum agricultural land sizes (20 decares in absolute agricultural lands, marginal agricultural lands and special crop lands, 5 decares in planted agricultural lands and 3 decares in greenhouse cultivation lands) to shareholders; taxes, fees and revolving funds will not be charged. With this regulation, the reduction of shareholding and the agreements between the shareholders were encouraged. In order to benefit from this exemption, the sold share must be below the minimum size value according to the land class and the entire share must be sold to one or more shareholders at the same time.