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

A total of 113,402 real estate was sold in September 2022, which is 22.9% less compared to the same month of the previous year. Istanbul ranks first with 19.089 house sales with a share of 16.8%, while Ankara comes second with (7.8% share) and 8,812 total sales, Izmir came third with(a 5.6% share) and 6,338 total sales.

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)


Timondro
Property specialists

Dear Customer,

Contact us for any questions you have for your property purchase.

We take pride in our high quality and fast customer support.

Contact us via