GIGDEKS

GIGDEKS is a unique dataset that reveals the average unit price of real estate sales to international investors in our country. Approximately 25% of real estate sales to international investors in Turkey are conducted by GİGDER members. Members are asked about the number of sales and the average USD price of sales. This study also includes member expectations that allow us to predict whether sales will increase in the next three-month period. GIGDEKS is released periodically every three months in the first week of January, April, July, and October.

 

Additionally, to gauge the pulse of the industry and reflect the perspectives of GİGDER members on current issues, questions related to current topics are included in the research. GIGDEKS was first conducted with data from the months of April, May, and June of the year 2021.

 

Real Estate Service Exporters Association (GIGDER), in collaboration with the brand and market research company AGS Global, has shared the 13th edition of the GIGDEKS, the home sales index for international investors, prepared on a quarterly basis, with the public.

 

The Home Sales Price to International Investors has Risen to $273,233.

 

According to GIGDEKS 13 data, the average home sales price to international investors has risen from $170,719 to $273,233. This figure is notable as it is the highest since GIGDEKS 8.

 

GIGDEKS Base Point is Trending Upwards Again

 

In the GIGDEKS 11 results, which include the last quarter of 2023, the base point measured at 166.2. However, it dropped sharply to 105.7 in the first quarter of 2024. This figure is notable as it falls below the 121.7 level recorded in the second quarter of 2021, when GIGDEKS began.

 

The Proportion of Optimists in Sales Forecasts Remained at 17.4%

 

When asked about their forecasts for home sales to international investors over the next 3 months, only 17.4% of GIGDER members expressed optimism that sales would increase. The proportion of those who expected sales to decrease dropped from 47.6% in the previous quarter to 30.4% in this quarter. According to the data, the highest proportion, 52.2%, believed that sales would remain unchanged in the next quarter.

 

GIGDEKS 10: GIGDEKS Base Points, which has resumed its upward trend, was calculated as 161.6.

According to GIGDEKS 10 data covering the third quarter of 2023, the average housing sales price to international investors was $260,976.

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GIGDEKS 9: GIGDEKS Base Score Dropped from 184 to 149.6 Points

According to the GIGDEKS 9 data covering the second quarter of 2023, the average housing sales price to foreigners decreased from $297,174 to $241,643.

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GIGDEKS 8: GIGDEKS Reaches Historical Peak with 184 Points

According to GIGDEKS 8 data covering the first quarter of 2023, the average housing sales price to foreigners reached its all-time high at $297,174, while the base score also hit a historical peak at 184 points.

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GIGDEKS 7: Set a New Record

According to GIGDEKS 7 data covering the fourth quarter of 2022, the average housing sales price to foreigners reached $261,613, reaching its highest level to date.

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GIGDEKS 6: Solidified with a New Record

According to GIGDEKS 6 data, the index reached its highest level since its inception, reaching 152.2 points.

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GIGDEKS 5: The Highest Price Was Achieved in the 2nd Quarter.

According to GIGDEKS 5 data, the unit sales price, which was $187,175 in the previous quarter, surpassed the $200,000 threshold for the first time and reached $217,642.

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