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