According to GİGDEKS 10 data covering the third quarter of 2023, the average housing sales price to international investors was $260,976. Following the decline in the second quarter, the GİGDEKS base points, which have risen again, were calculated as 161.6.
The Real Estate Promotion Association Abroad (GİGDER) shared the 10th international investor housing sales index GİGDEKS, prepared in collaboration with the brand and market research company AGS Global, with the public.
According to the results of GİGDEKS 10, which took place with the participation of member companies and covers the third quarter of 2023, a recovery was observed in the average housing sales price to international investors. The average sales price, which was $241,643 in GİGDEKS 9 results, increased to $260,976 in the latest index announced. In GİGDEKS 10, the base points also reached 161.6 from 149.6, and the index managed to reach pre-earthquake levels in the third quarter of the year.
The study indicates that the fundamental reason behind the recovery in the third quarter of 2023 is the elimination of post-election uncertainty. According to the readings made from the emerging results, the impact of negative propaganda regarding real estate sales to international investors continued in the third quarter.
In GİGDEKS 9, which includes data for the second quarter of 2023, the percentage of those who thought sales to international investors would decrease was 43.5%. In this quarter, with the influence of tension in the Middle East, this rate increased to 50%. The optimism rate, which was 34.8% in the previous quarter, decreased to around 21.4% in the third quarter.
In GİGDEKS 10, GİGDER members shared their views on how housing prices will trend in the upcoming period. Accordingly, 35.7% of the members stated that housing prices will increase in the near future, while 42.9% indicated that they will remain the same. The proportion of those expecting a decrease in prices was 21.4%.
In the context of GİGDEKS 10 studies, responses to the question "What is the reason for international investors not preferring our country in recent times?" highlighted the negative propaganda leading to the confusion between the concepts of investor and irregular migrant. Other responses included:
