In December 2023, house sales in Türkiye decreased by 33.4% compared to the same month of the previous year, totaling 138,577. Istanbul led with 23,714 house sales, a 17.1% share, followed by Ankara with 11,458 sales (8.3% share), and İzmir with 7,166 sales (5.2% share). The province with the lowest number of sales was Hakkari with 65 house sales.

Overall House Sales in 2023

Throughout 2023, house sales in Türkiye decreased by 17.5% compared to the previous year, totaling 1,225,926 houses. Istanbul had the highest share of house sales with 198,739 (16.2%), followed by Ankara with 114,432 (9.3%) and İzmir with 65,465 (5.3%). The provinces with the lowest number of sales were Ardahan with 426, Hakkari with 501, and Tunceli with 970 house sales.

Mortgaged House Sales in December decreased by 72.3% year-over-year to 6,042, accounting for 4.4% of all sales. Throughout 2023, mortgaged house sales decreased by 36.6% to 177,748.

Other House Sales in December were 132,535, a 28.8% decrease from the previous year, making up 95.6% of total sales. In 2023, these sales decreased by 13.0% to 1,048,178.

First Time House Sales in December were 51,243, down 34.2% from last year, representing 37.0% of all sales. Throughout 2023, first-time sales decreased by 17.5% to 379,542.

Second-Hand House Sales in December totaled 87,334, a 32.9% decrease from the previous year, accounting for 63.0% of all sales. Throughout 2023, second-hand sales decreased by 17.5% to 846,384.

House Sales to Foreigners in December decreased by 67.7% year-over-year to 2,064, representing 1.5% of all sales. Throughout 2023, sales to foreigners decreased by 48.1% to 35,005. Antalya led with 12,702 sales to foreigners, followed by İstanbul with 11,229, and Mersin with 3,016.

Data based on castrate and land registry (15.01.2024)