Housing sales increased by 34% in the first half of the year in Kayseri

Housing sales increased by 34% in the first half of the year in Kayseri
28 July 2020

Even though housing sales slowed down in the first 6 months due to the pandemic, the winds have changed again with interest rate cuts in June. House sales during January-June increased by 23% throughout Turkey, while in Kayseri grew by 34% above average.

*** This release is originally published in Turkish.
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ISTANBUL (TR) - According to Turkish Statistical Institute (TÜİK) construction and housing data, in the first six months of 2020, Turkey-wide housing sales increased by 23% compared to the previous year and reached 624,769. Despite the slowdown of the sector with the Covid-19 pandemic, Kayseri did not break the pace. January-June period of housing sales in Kayseri, which is one of the provinces growing above the average of Turkey, grew by 34% and became 12,555. Due to the pandemic, the number of housing sales realized in April and May last year increased 4 times in Kayseri with the realization of the demand for housing loans and the demand postponed due to the pandemic as of the beginning of June. According to the statement made by Safa Yapı officials operating in Kayseri, those who want to buy houses have great interest in apartments designed individually.

New apartments are built on average 130 square meters in Kayseri and 88 square meters in Izmir.

Sharing information about the development of the housing sector in Kayseri, Safa Yapı said, “In Kayseri, 1,274 buildings were licensed in 2019. In these structures, 11,886 apartments were built. 73% of the licensed buildings have 1-5 floors, 12% in the range of 6-10, and 15% in height of 10 times and above. The average size of the apartments built in Kayseri is 130 square meters. This figure is 88 square meters in Izmir and 95 square meters in Istanbul. Private flats are located at the most important point that determines the choice of housing in Kayseri.”

Kayseri sees housing as an important investment tool

Houses designed as living space rather than housing are seen as a valuable investment tool by the people in Kayseri, despite the coronavirus pandemic, house sales is above Turkey’s average. Construction companies have a large share in the positive changes in consumer behavior. Safa Yapı, which has built the desired house to be purchased in Kayseri, offers a variety of personalized options such as decorative wooden ceiling application, personalized wallpaper, allowing you to have a private living area.

Contact: Tülay Genç | [email protected] | +90 (850) 885 12 55