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