Construction cost index increased by 3.44 percent in October 2022 compared to the previous month and increased by 117.07 percent compared to the same month of the previous year. Compared to the previous month, the material index increased by 3.88 percent and the labor index increased by 1.94 percent. In addition, the material index increased by 128.41 percent and the labor index increased by 85.65 percent compared to the same month of the previous year.

CONSTRUCTION COST INDEX FOR OUTDOOR BUILDINGS INCREASED 125.83 PERCENT ANNUAL AND 4.48 PERCENT MONTHLY

Construction cost index for non-building structures is 4.48 percent compared to the previous month; increased by 125.83 percent compared to the same month of the previous year. Compared to the previous month, the material index is 5.12 percent; The labor index increased by 2.07 percent. In addition, the material index increased by 139.40 percent and the labor index increased by 84.93 percent compared to the same month of the previous year.

Istanbul, which was in the first place in sales to foreigners in the previous 68 months when the statistics started to be published, lost the peak to Antalya in July and August. In September, Istanbul was once again the province with the highest number of sales to foreigners, and in October, the summit was again in Antalya.

In October, the share of house sales to foreigners in total house sales was 5.2 percent. Antalya took the first place in house sales to foreigners with the sale of 2 thousand 123 houses. Antalya was followed by Istanbul with 1,658 sales and Mersin with 490 sales, respectively.

Foreigners bought 33.58 percent of the residences in Antalya, which ranks 3rd with a 6.2 percent share in sales and 6 thousand 323 residences across the country.

Other provinces with the highest sales to foreigners were listed as follows: Mersin – 17.22 percent, Yalova – 13.23 percent, Istanbul – 9.76 percent.