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. In the sector's export vision, there are a series of proposals aimed at attracting foreign investors by eliminating uncertainties this year.
The Real Estate Promotion Abroad Association (GIGDER), in collaboration with the brand and market research company AGS Global, has released the 8th edition of the foreign housing sales index GIGDEKS, prepared quarterly. 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. GIGDEKS 8, with the participation of 27 GIGDER member companies, reached a historical peak with a score of 184.
The first record in the index, which has been on a continuous upward trend for the last 5 quarters, came with the GİGDEKS 5 data covering the second quarter of 2022. The average housing sales price to foreigners surpassed the $200,000 threshold for the first time, reaching $217,642. Since that period, GİGDEKS has set a new record in each quarter, raising the bar with its 8th research. According to the GİGDEKS 7 data covering the last quarter of 2022, the average housing sales price to foreigners was $261,613, and the base score was 162.
When asked about the forecasts for the next 3 months in foreign housing sales, 33.3% of GİGDER members expressed an optimistic view that sales would increase. The percentage of those holding this view was the same as the previous quarter. According to the data, the pessimists who think sales will decrease increased from 33.3% in the previous quarter to 37.1%. This partial increase is believed to be due to the influence of general elections. It is possible that sector professionals will return to a more optimistic trend in the second quarter of 2023, which is the post-election period. According to the data, the percentage of those who think sales will remain unchanged in the next quarter is 29.6%.
Responding to the question 'What are your recommendations for the real estate export vision and the future of the sector?' GİGDER members listed a series of suggestions to increase direct investment by attracting foreign investors. These are presented in GİGDEKS 8 as follows:
