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

A total of 93,902 real estate was sold in July 2022, which is 12.9% less compared to the same month of the previous year. Istanbul ranks first with 14.350 house sales with a share of 15.3%, while Ankara comes second with (7.9% share) and 7,417 total sales, Izmir came third with(5.2% share) and 4,868 total sales.

In the January-July period, house sales increased by 24.2% compared to the same period of the previous year and became 820 thousand 300.

Mortgage-financed sales decreased by %6.8 compared to July 2021 at 19,146 and %20.4 total sales share, (July 2021: %19.1 .)

As a result of other real estate sales 74,756 real estates were sold. other real estate sales decreased by 14.3% compared to July 2021. Other house sales had a 79.6% share of all house sales.

28,688 real estate were sold for the first time ( new construction sales ). The number of real estates sold for the first time decreased by %12.2 compared to July 2021. of all real estate sales new real estate sales share in Turkey %30.6 (July 2021: %30.3 ).

In the sale of second-hand real estate, a total of 65.214 second-hand houses were sold. Second-hand sales decreased by %13.2 compared to July 2021.

Real estate sales to foreigners in Turkey over the same month of the previous year decreased by %12.4, real estate sales to foreigners had 4.2 % share of all Real estate sales in July, The most popular cities: Antalya, İstanbul, Mersin.

Data based on castrate and land registry (15.08.2022)


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