According to GİGDEKS 11 data, which covers the last quarter of 2023, the average house price sold to international investors has reached $268,368. The GİGDEKS index points were calculated at 166.2.
The Association of Real Estate Exporters (GİGDER) shared the 11th edition of its international investor real estate sales index, GİGDEKS, which is prepared quarterly in collaboration with independent brand and market research firm AGS Global.
According to the GİGDEKS 11 results, which cover the fourth quarter of 2023, there was an increase in the average property sales price to international investors. The average sales price, which was $260,976 in GİGDEKS 10, rose to $268,368 in the latest index. The GİGDEKS 11 index points reached 166.2.
In these challenging times, with the market hitting rock bottom, 36% of GİGDER members stated that they expect a decline in sales to international investors over the next three months. Meanwhile, 48% of participants expect sales to remain the same, and 16% predict an increase.
The GİGDEKS 11 survey also asked participants if they believe property prices will decrease due to inflationary pressures on the real estate sector. The responses were as follows:
According to GİGDER members, the most challenging aspects of the real estate valuation process are as follows:
