The square meters of new houses in Turkey have decreased compared to previous years. Experts note that this reduction will continue in the coming years.
With the increase in the dollar exchange rate in recent years, prices have increased in many sectors throughout Turkey. Increasing costs, on the one hand, raise housing prices, on the other hand, cause the square meters of houses to decrease compared to the past. The only reason for Decaying houses alone is not only the construction costs, but also the increase in land prices.
According to the statistics of Istanbul Real Estate Appraisal company, the average square meter of the buildings that received building permits in Istanbul this year fell from 136 square meters in 2023 to 107 square meters in 2023.
Most of the recently built houses are even lower than 107 square meters. Houses of 35-65 square meters are most often produced on new sites.
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