Development of the real estate sector in Turkey

Development of the Real Estate Sector in Turkey in March 2025 – Housing Sales Statistics

In Türkiye, house sales increased by 5.1% in March compared to the same month of the previous year and reached 110,795. The provinces with the highest number of house sales were İstanbul with 19,820, Ankara with 10,203, and İzmir with 7,513, while the provinces with the lowest numbers were Ardahan with 28, Bayburt with 33, and Tunceli with 63.

House Sales, March 2025 (Unit)

	March 2025	March 2024	Change (%)	Jan–Mar 2025	Jan–Mar 2024	Change (%)
House sales by type	110,795	105,394	5.1	335,786	279,604	20.1
Mortgaged sales	18,225	12,880	41.5	51,729	27,622	87.3
Other house sales	92,570	92,514	0.1	284,057	251,982	12.7
First sales	33,307	34,399	-3.2	99,876	88,256	13.2
Second hand sales	77,488	70,995	9.1	235,910	191,348	23.3

Mortgaged House Sales

Mortgaged house sales reached 18,225 in March, a 41.5% increase compared to March 2024. They accounted for 16.4% of all house sales. In the January–March period, mortgaged sales rose by 87.3% to 51,729.

4,331 of the mortgaged house sales in March and 12,143 in the January–March period were first sales.

Other House Sales

Other house sales reached 92,570 in March, a 0.1% increase. They accounted for 83.6% of all sales. In the first three months, other house sales rose 12.7% to 284,057.

House Sales by Type

33,307 houses were sold for the first time in March, a 3.2% decrease compared to March 2024. First sales accounted for 30.1% of total sales. In January–March, first sales reached 99,876 – a 13.2% increase.

Second-hand sales reached 77,488, a 9.1% increase in March, representing 69.9% of all house sales. From January to March, second-hand sales rose 23.3% to 235,910.

House Sales to Foreigners

In March, 1,574 houses were sold to foreigners, a 11.5% decrease from March 2024. Foreigners accounted for 1.4% of sales. İstanbul led with 635 sales, followed by Antalya with 496 and Mersin with 141.

In the January–March period, foreign sales dropped 19.5% to 4,578.