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

A total of 150,509 real estate was sold in June 2022, which is 11.7% higher compared to the same month of the previous year. Istanbul ranks first with 27.998 house sales with a share of 18.6%, while Ankara comes second with (8.8% share) and 13,303 total sales, Izmir came third with(5.5% share) and 8,243 total sales.

In the January-June period, house sales increased by 31.4% compared to the same period of the previous year and became 726 thousand 398.

Mortgage-financed sales increased %40.6 compared to June 2021 at 40,610 and %27.0 total sales share, (June 2021: %21.4 .)

As a result of other real estate sales 109,899 real estates were sold. other real estate sales increased by 3.8% compared to June 2021. Other house sales had a 73.0% share of all house sales.

44,732 real estate were sold for the first time ( new construction sales ). The number of real estate sold for the first time increased %11.6 compared to June 2021. of all real estate sales new real estate sales share in Turkey %29.7 (June 2021: %29.8 ).

In the sale of second-hand real estate, a total of 105.777 second-hand houses were sold. Second-hand sales increased %11.8 compared to June 2021.

Real estate sales to foreigners in Turkey over the same month of the previous year increased %81.8, real estate sales to foreigners had 5.7 % share of all Real estate sales in June, The most popular cities: Istanbul, Antalya, Mersin.

Data based on castrate and land registry (15.07.2022)


Timondro
Property specialists

Dear Customer,

Contact us for any questions you have for your property purchase.

We take pride in our high quality and fast customer support.

Contact us via