Development of the real estate sector in Turkey in September 2022– Surge In Mortgage Financed Property Sales in Turkey
In the January-September period, house sales increased by 11.4% compared to the same period of the previous year and became 57 million 193.
Mortgage-financed sales decreased by %43.0 compared to September 2021 at 16,970 and %15.0 total sales share, (September 2021: %20.4 .)
As a result of other real estate sales 96,432 real estates were sold. other real estate sales decreased by 17.8% compared to September 2021. Other house sales had an 85.0% share of all house sales.
35,954 real estate were sold for the first time ( new construction sales ). The number of real estate sold for the first time decreased by %18.2 compared to September 2021. of all real estate sales new real estate sales share in Turkey %31.7 (September 2021: %30.5 ).
In the sale of second-hand real estate, a total of 77.448 second-hand houses were sold. Second-hand sales decreased by %24.9 compared to September 2021.
Real estate sales to foreigners in Turkey over the same month of the previous year decreased by %23.8, real estate sales to foreigners had 4.5 % share of all Real estate sales in September, The most popular cities: Istanbul, Antalya, Mersin.
Data based on castrate and land registry (15.10.2022)