Development of the real estate sector in Turkey - December 2023

In December 2023, a total of 93,514 houses were sold in Turkey, marking a 17.5% decrease compared to the same month of the previous year. Istanbul led the sales with 198 thousand 739 houses, accounting for 16.2% of total sales, followed by Ankara with 114 thousand 432 sales (9.3% share), and İzmir with 65 thousand 465 sales (5.3% share). The provinces with the lowest number of sales were Ardahan with 426, Hakkari with 501 and Tunceli with 970 house sales.