In January 2024, the total number of houses sold in Turkey reached 80,308, marking a 17.8% decrease from the previous year. Istanbul led the sales with 13,423 houses, accounting for 16.7% of the total sales, followed by Ankara with 6,709 sales (8.4% share), and Antalya with 5,250 sales (6.5% share). The least number of sales were recorded in Ardahan with 17, Hakkari with 38, and Bayburt with 40 house sales.

House Sales Details in January 2024

Sales of mortgaged houses fell to 5,915, a 63.5% decrease from last year, representing 7.4% of the total house sales. Of these, 1,404 were first-time sales.

Non-mortgaged house sales stood at 74,393, down 8.7% from the previous year, making up 92.6% of all house sales.

There were 25,263 first-time house sales, a decrease of 8.2% compared to last year, accounting for 31.5% of the total. Meanwhile, second-hand house sales were 55,045, down 21.6%, and constituted 68.5% of all sales.

International buyers purchased 2,061 houses in January, a 50.5% decrease from the previous year, with these sales making up 2.6% of the total. Antalya was the most popular location with 747 sales to foreigners, followed by Istanbul with 710, and Mersin with 211.

The majority of international sales were to citizens from Russia, who bought 555 houses. They were followed by buyers from Iran with 208 sales, Ukraine with 127, and both Iraq and Kazakhstan with 99 sales each.

Data based on real estate transactions and land registry (01.02.2024)