Housing prices averaged 2.54 million liras - latest news

The average cost of a home in Turkey rose to 2.54 million Turkish liras ($96,359) in June, according to Endeksa, a real estate market intelligence company.

Housing prices rose 110 percent year-on-year to 19,653 liras per square meter. In May, the average selling price was 2.45 million liras.

In Istanbul, Turkey's largest city by population, the average housing price last month was 3.96 million liras, up from 3.56 million liras in May.

In Ankara, the average price amounted to 2 million liras.

In the Mediterranean province of Antalya, where foreigners are active in the local real estate market, the average house price has risen 103 percent since June 2022 to 3.42 million liras.

Last month, 4,503 dwellings were sold in Antalya, with 22 percent of them sold to foreign nationals.

Home sales across Turkey fell 44.4 percent in June from a year earlier to 83,636. New home sales fell by 42 percent and sales with mortgages fell by more than 45 percent.

In the first six months of the year, the number of homes sold was down 22.1 percent compared to the same period in 2022.