A total of 93,761 real estate was sold in October 2023, which is 8.7% less compared to the same month of the previous year. Istanbul ranks first with 14,941 house sales with a share of 15.9%, Ankara comes second with (7.9% share) and 7,394 total sales, and İzmir came third with (a 5.5% share) and 5,192 total sales. The provinces with the lowest number of sales were Hakkari with 40, Ardahan with 43 and Bayburt with 80 house sales.

Houses sales decreased by 14.3% in January-October 2023

In the January-October period, house sales decreased by 14.3% compared to the same period of the previous year and 993 thousand 835.

Mortgage-financed sales decreased by 58.0% compared to October 2022 at 5,577 and 5.9% total sales share, (October 2022: 12.9%). In the January-October period, mortgaged house sales decreased by 31.2% compared to the same period of the previous year and became 166 thousand 461.

As a result of other real estate sales 88,184 real estate was sold. Other real estate sales decreased by 1.4% compared to October 2022. Other house sales had a 94.1% share of all house sales.

29,230 real estate was sold for the first time (new construction sales). The number of real estates sold for the first time decreased by 10.6% compared to October 2022. Of all real estate sales, the new real estate sales share in Turkey was 31.2% (October 2022: 31.8%).

In the sale of second-hand real estate, a total of 64,531 second-hand houses were sold. Second-hand sales decreased by 7.8% compared to October 2022.

Real estate sales to foreigners in Turkey over the same month of the previous year decreased by 52.9%, real estate sales to foreigners had 2.7% share of all real estate sales in October. Antalya ranked first with 931 sales to foreigners. The followers of Antalya were İstanbul with 758 house sales and Mersin with 294 house sales to foreigners.

Data based on castrate and land registry (15.11.2023)