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.
According to the GIGDEKS 10 data covering the third quarter of 2023, the average residential sales price to international investors was $260,976. Following the decline in the second quarter, the GIGDEKS base point rebounded to 161.6.
The results of GIGDEKS 10, which took place with the participation of GİGDER member companies and covers the third quarter of 2023, indicate a recovery in the average residential sales price to international investors. The average sales price, which was $241,643 in GIGDEKS 9 results, rose to $260,976 in the latest index. The base points in GIGDEKS 10 increased from 149.6 to 161.6, and the index managed to reach pre-earthquake levels in the third quarter of the year.
The base points in GIGDEKS 10, which took place with the participation of GİGDER member companies, increased from the previous quarter's level of 149.6 to 161.6.
According to the results of GIGDEKS 10, there was observed a recovery in the average residential sales price to international investors. The average sales price, which was $241,643 in GIGDEKS 9 results, rose to $260,976 in the latest index.
In the third quarter of 2023, the percentage of those expecting a decrease in sales to international investors increased to 50%. The optimistic outlook, which was 34.8% in the previous quarter, decreased to 21.4% in the third quarter.
