GIGDEKS 1: GIGDER Introduces the Real Estate Sector to the Foreign Housing Sales Index 'GIGDEKS' for the First Time

The GIGDER Foreign Real Estate Promotion Association, in collaboration with the brand and market research company AGS Global, introduced the real estate sector to the foreign housing sales index 'GIGDEKS' for the first time. The index, prepared every 3 months, is based on the regular reporting of responses from GIGDER members to various questions, including sales price, sales method, and current sector expectations. GIGDEKS innovatively tracks the pulse of foreign real estate sales in terms of quantity, turnover, and average sales price for the first time. The index also provides an opportunity to access the opinions of industry stakeholders selling branded real estate to foreigners on current issues related to real estate exports, ranging from new-generation real estate technologies to cryptocurrency transactions.

GIGDEKS Score is 121.7

The first GIGDEKS covering the months of April, May, and June 2021 had the participation of 22 GIGDER member companies. According to the data, the number of foreign housing sales during this period was 2,043. Each participating GIGDER member completed an average of 88.8 housing sales, and the average unit sales price was determined as $196,602.

Members' Sector Expectations

In the GIGDEKS survey, where the expectations of GIGDER members regarding the sector were questioned, these expectations were listed as follows:

• State banks providing loans in foreign currency-based sales,
• Introduction of VAT exemption, facilitation of money transfers,
• Projects experiencing title deed and delivery issues not being authorized,
• Relaxation of restrictive practices in expert reports,
• Activation of the state's incentive mechanism in the field of promotion and marketing.