In November 2023, house sales in Türkiye decreased by 20.6% compared to the same month of the previous year, totaling 93,514. Istanbul led with 15,187 house sales, a 16.2% share, followed by Ankara with 8,250 sales (8.8% share), and İzmir with 5,105 sales (5.5% share). The lowest sales were in Hakkari with 52, Ardahan with 57, and Gümüşhane with 73 house sales.

House Sales Decreased by 14.9% in January-November 2023

From January to November 2023, house sales fell by 14.9% compared to the same period last year, totaling 1,087,349.

Mortgaged House Sales in November decreased by 68.5% year-over-year to 5,245, accounting for 5.6% of all sales. From January to November, mortgaged sales dropped by 33.6% to 171,706.

Other House Sales in November were 88,269, a 12.7% decrease from the previous year, making up 94.4% of total sales. In the January-November period, these sales decreased by 10.2% to 915,643.

First Time House Sales in November were 30,472, down 18.5% from last year, representing 32.6% of all sales. From January to November, first-time sales decreased by 14.1% to 328,299.

Second-Hand House Sales in November totaled 63,042, a 21.6% decrease from the previous year, accounting for 67.4% of all sales. From January to November, second-hand sales decreased by 15.2% to 759,050.

House Sales to Foreigners in November decreased by 61.5% year-over-year to 2,342, representing 2.5% of all sales. Antalya led with 790 sales to foreigners, followed by İstanbul with 710, and Mersin with 316.

Data based on castrate and land registry (15.12.2023)