The city of “Yalova” in northwestern Turkiye (Turkey)ranked eighth on the list of towns that witnessed an increase in housing prices for July of 2022, compared to the same period last year, 2021.
This came according to data issued by the housing price index announced by the Central Bank, according to Turkish sources, in which they explained that the housing price increase for July across the country by 8% monthly and by 173.8% annually, compared to the same period last year.
“Izmir” ranked tenth on the list of the highest increase in housing prices, with housing prices increasing by 162.16% compared to last year.
In the Balikesir-Canakkale district, housing prices increased by 165.71%, ranked ninth.
In the eighth place came the areas of “Yalova, Kocaeli – Sakarya – Duzce – Bolu”, where housing prices were recorded by 167.25% annually.
And “Sanliurfa – Diyarbakir” districts in the seventh region had the highest increase in housing prices. According to central bank data, housing prices in this region rose by 171.42%.
The “Tekirdağ – Edirne – Kırklareli” regions came in sixth place, as housing prices in this region witnessed an increase of 172% annually.
The capital “Ankara” was announced as the fifth region with the highest increase in housing prices, as housing prices in Ankara increased by 181.02%.
Aydin-Denizli-Mugla region ranked fourth in the list of areas with the highest increase in housing prices, with an annual housing growth rate of 185.24%.
The regions that came in third place, which recorded the highest increase in housing prices, are “Adana and Mersin”, with an annual increase in housing prices of 189.42%.
Istanbul ranked second in terms of the highest increase in housing prices, with housing prices in Istanbul increasing by 200.13%.
In the first place, the regions in which housing prices rose the most were “Antalya – Isparta – Burdur”, where the average housing price increase in the area was reported at 214.62% annually.
It is worth noting that “Yalova” is characterized by advanced real estate and residential projects with a sea view and also charming nature, which “OmranTrk” company located in Yalova working on.
Recently, Yalova was among the most preferred cities by foreigners wishing to own a property to obtain Turkish citizenship in the first quarter of this year, 2022.
Turkish sources stated that as of the first quarter of 2022, Istanbul was the most preferred province by foreigners to obtain citizenship based on all types of real estate, followed by Antalya, Ankara, Yalova, Izmir, Mersin, Mugla, Bursa, Trabzon, and Sakarya, respectively.
Yalova is in the middle of 3 major cities in Turkiye (Turkey), namely Istanbul, Bursa, and Izmit. Where its privileged location enables it to reach Istanbul within one hour, whether by land or sea, as well as the states of Ankara, Bursa, and Izmit, where it takes a few hours to reach; what makes the settlement in Yalova comfortable and away from the crowds of major cities.