Development of the real estate sector in Turkey in August 2022– Surge In Mortgage Financed Property Sales in Turkey

A total of 123,491 real estate was sold in August 2022, which is 12.7% less compared to the same month of the previous year. Istanbul ranks first with 18.485 house sales with a share of 15.0%, while Ankara comes second with (a 7.9% share) and97,736 total sales, Izmir came third with(5.2% share) and 6,395 total sales.

In the January-August period, house sales increased by 17.7% compared to the same period of the previous year and became 943 thousand 791.

Mortgage-financed sales decreased by %19.0 compared to August 2021 at 22,168 and %18.0 total sales share, (August 2021: %19.4 .)

As a result of other real estate sales 101,323 real estate were sold. other real estate sales decreased by 11.1% compared to August 2021. Other house sales had a 82.0% share of all house sales.

39,025 real estate were sold for the first time ( new construction sales ). The number of real estates sold for the first time decreased by %8.5 compared to August 2021. of all real estate sales new real estate sales share in Turkey %31.6 (August 2021: %30.2 ).

In the sale of second-hand real estate, a total of 84.466 second-hand houses were sold. Second-hand sales decreased by %14.5 compared to August 2021.

Real estate sales to foreigners in Turkey over the same month of the previous year decreased by %10.1, real estate sales to foreigners had 4.3 % share of all Real estate sales in August, The most popular cities: Antalya, İstanbul, Mersin.

Data based on castrate and land registry (15.09.2022)


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