Development of the real estate sector in Turkey in May 2024 – Housing Sales Statistics in May 2024

110 thousand 588 houses were sold in Türkiye. In Türkiye, house sales decreased by 2.4% in May compared to the same month of the previous year and became 110 thousand 588. The provinces with the highest number of house sales were İstanbul with 18 thousand 814, Ankara with 9 thousand 861, and Antalya with 6 thousand 306. The provinces with the lowest number of sales were Bayburt with 37, Ardahan with 46, and Hakkari with 60 house sales.

House sales, May 2024

Houses sales decreased by 3.4% in January-May 2024.
In January-May period, house sales decreased by 3.4% compared to the same period of the previous year and became 465 thousand 761.

Number of house sales, May 2024

Mortgaged house sales became 9 thousand 909.
In Türkiye, mortgaged house sales decreased by 63.9% in May compared to the same month of the previous year and became 9 thousand 909. Mortgaged house sales had 9.0% share of all house sales. In January-May period, mortgaged house sales decreased by 58.7% compared to the same period of the previous year and became 44 thousand 602.

2 thousand 316 of mortgaged house sales in May and 10 thousand 629 of mortgaged house sales in January-May period were first sales.

Other house sales became 100 thousand 679

In Türkiye, other house sales increased by 17.3% in May compared to the same month of the previous year and became 100 thousand 679. Other house sales had 91.0% share of all house sales. In January-May period, other house sales increased by 12.6% compared to the same period of the previous year and became 421 thousand 159.

House sales by type, May 2024

35 thousand 558 houses were sold for the first time.
In Türkiye, first time house sales increased by 3.3% in May compared to the same month of the previous year and became 35 thousand 558. First sales had 32.2% share of all house sales. In January-May period, first time house sales increased by 1.8% compared to the same period of the previous year and became 147 thousand 899.

Second hand house sales became 75 thousand 30

In Türkiye, second hand house sales decreased by 4.9% in May compared to the same month of the previous year and became 75 thousand 30. Second hand sales had 67.8% share of all house sales. In January-May period, second hand house sales decreased by 5.6% compared to the same period of the previous year and became 317 thousand 862.

House sales by state, May 2024

In May, 2 thousand 64 houses were sold to foreigners.
House sales to foreigners decreased by 34.8% in May compared to the same month of the previous year and became 2 thousand 64. House sales to foreigners had 1.9% share of all house sales in May. The provinces with the highest number of house sales to foreigners were Antalya with 797, İstanbul with 668, and Mersin with 164.

House sales to foreigners, May 2024

In January-May period, house sales to foreigners decreased by 45.8% compared to the same period of the previous year and became 9 thousand 21.

House sales were mostly made to Russia citizens according to nationalities

In May, the most house sales by country nationality were made to citizens of the Russia with 437, Iran with 207, and Ukraine with 171.

Data based on real estate transactions and land registry (18.06.2024)


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