Development of the real estate sector in Turkey

Development of the real estate sector in Turkey - April 2024 short

Development of the real estate sector in Turkey in April 2024 – Housing Sales Statistics in April 2024

75 thousand 569 houses were sold in Türkiye. In Türkiye, house sales decreased by 11.8% in April compared to the same month of the previous year and became 75 thousand 569. The provinces with the highest number of house sales were İstanbul with 12 thousand 406, Ankara with 6 thousand 272, and Antalya with 4 thousand 427. The provinces with the lowest number of sales were Ardahan with 18, Hakkari with 35, and Tunceli with 49 house sales.

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House Sales Statistics, March 2024

House sales, April 2024

Houses sales decreased by 3.7% in January-April 2024. In the January-April period, house sales decreased by 3.7% compared to the same period of the previous year and became 355 thousand 173.

Number of house sales, April 2024

Mortgaged house sales became 7 thousand 71. In Türkiye, mortgaged house sales decreased by 67.5% in April compared to the same month of the previous year and became 7 thousand 71. Mortgaged house sales had 9.4% share of all house sales. In the January-April period, mortgaged house sales decreased by 57.0% compared to the same period of the previous year and became 34 thousand 693. A thousand 744 of mortgaged house sales in April and 8 thousand 313 of mortgaged house sales in the January-April period were first sales.

Other house sales became 68 thousand 498. In Türkiye, other house sales increased by 7.2% in April compared to the same month of the previous year and became 68 thousand 498. Other house sales had 90.6% share of all house sales. In the January-April period, other house sales increased by 11.2% compared to the same period of the previous year and became 320 thousand 480.

House sales by type, April 2024

24 thousand 85 houses were sold for the first time. In Türkiye, first-time house sales decreased by 10.6% in April compared to the same month of the previous year and became 24 thousand 85. First sales had 31.9% share of all house sales. In the January-April period, first-time house sales increased by 1.3% compared to the same period of the previous year and became 112 thousand 341.

Second-hand house sales became 51 thousand 484. In Türkiye, second-hand house sales decreased by 12.3% in April compared to the same month of the previous year and became 51 thousand 484. Second-hand sales had 68.1% share of all house sales. In the January-April period, second-hand house sales decreased by 5.9% compared to the same period of the previous year and became 242 thousand 832.

House sales by state, April 2024

In April, a thousand 272 houses were sold to foreigners. House sales to foreigners decreased by 50.3% in April compared to the same month of the previous year and became a thousand 272. House sales to foreigners had 1.7% share of all house sales in April. The provinces with the highest number of house sales to foreigners were Antalya with 454, İstanbul with 407, and Mersin with 149.

House sales to foreigners, April 2024

In the January-April period, house sales to foreigners decreased by 48.4% compared to the same period of the previous year and became 6 thousand 957.

House sales were mostly made to Russia citizens according to nationalities. In April, Russia citizens bought 293 houses from Türkiye. The followers of Russia citizens were Iran citizens with 117 house sales, Ukraine citizens with 91 house sales.

Data based on real estate transactions and land registry (18.05.2024)

Development of the real estate sector in Turkey - March 2024 short

Development of the real estate sector in Turkey in March 2024 – Housing Sales Statistics in March 2024

105 thousand 394 houses were sold in Türkiye. In Türkiye, house sales decreased by 0.1% in March compared to the same month of the previous year and became 105 thousand 394. İstanbul had the highest share with 18.1% and 19 thousand 40 house sales. The followers of İstanbul were Ankara with 9 thousand 523 house sales and İzmir with 6 thousand 413 house sales with the share of 9.0% and 6.1% respectively. The provinces with the lowest number of sales were Ardahan with 23, Bayburt with 42, and Hakkari with 55 house sales.

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House Sales Statistics, March 2024

House sales, March 2024

Houses sales decreased by 1.3% in January-March 2024. In the January-March period, house sales decreased by 1.3% compared to the same period of the previous year and became 279 thousand 604.

Number of house sales, March 2024

Mortgaged house sales became 12 thousand 880. In Türkiye, mortgaged house sales decreased by 49.0% in March compared to the same month of the previous year and became 12 thousand 880. Mortgaged house sales had 12.2% share of all house sales. In the January-March period, mortgaged house sales decreased by 53.0% compared to the same period of the previous year and became 27 thousand 622. 3 thousand 105 of mortgaged house sales in March and 6 thousand 569 of mortgaged house sales in the January-March period were first sales.

Other house sales became 92 thousand 514. In Türkiye, other house sales increased by 15.3% in March compared to the same month of the previous year and became 92 thousand 514. Other house sales had 87.8% share of all house sales. In the January-March period, other house sales increased by 12.3% compared to the same period of the previous year and became 251 thousand 982.

House sales by type, March 2024

34 thousand 399 houses were sold for the first time. In Türkiye, first-time house sales increased by 4.6% in March compared to the same month of the previous year and became 34 thousand 399. First sales had 32.6% share of all house sales. In the January-March period, first-time house sales increased by 5.2% compared to the same period of the previous year and became 88 thousand 256.

Secondhand house sales became 70 thousand 995. In Türkiye, second-hand house sales decreased by 2.2% in March compared to the same month of the previous year and became 70 thousand 995. Second-hand sales had 67.4% share of all house sales. In the January-March period, second-hand house sales decreased by 4.0% compared to the same period of the previous year and became 191 thousand 348.

House sales by state, March 2024

In March, a thousand 778 houses were sold to foreigners. House sales to foreigners decreased by 47.9% in March compared to the same month of the previous year and became a thousand 778. House sales to foreigners had 1.7% share in March. İstanbul ranked first with 652 sales to foreigners. The followers of İstanbul were Antalya with 618 house sales and Mersin with 151 house sales to foreigners.

House sales to foreigners, March 2024

In the January-March period, house sales to foreigners decreased by 48.0% compared to the same period of the previous year and became 5 thousand 685.

House sales were mostly made to Russia citizens according to nationalities. In March, Russia citizens bought 411 houses from Türkiye. The followers of Russia citizens were Iran citizens with 182 house sales, Ukraine citizens with 129 house sales and Iraq citizens with 82 house sales.

Data based on real estate transactions and land registry (18.04.2024)

Development of the real estate sector in Turkey - February 2024 short

Development of the real estate sector in Turkey in February 2024 – Housing Sales Statistics in February 2024

93 thousand 902 houses were sold in Türkiye. In Türkiye, house sales increased by 17.3% in February compared to the same month of the previous year and became 93 thousand 902. İstanbul had the highest share with 17.4% and 16 thousand 344 house sales. The followers of İstanbul were Ankara with 8 thousand 300 house sales and İzmir with 5 thousand 168 house sales with the share of 8.8% and 5.5% respectively. The provinces with the lowest number of sales were Ardahan with 18, Tunceli with 45 and Bayburt with 51 house sales.

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