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

A total of 133,058 real estate was sold in April 2022, which is 38.8% higher compared to the same month of the previous year. Istanbul ranks first with 26.330 house sales with a share of 19.8%, while Ankara comes second with (9.2% share) and 12,195 total sales, Izmir came third with(6.4% share) and 8,459 total sales.

In the January-April period, house sales increased by 26.2% compared to the same period of the previous year and became 453 thousand 121.

Mortgage-financed sales increased %82.9 compared to April 2021 at 32,030 and %24.1 total sales share, (April 2021: %18,3 .)

As a result of other house sales 101,028 houses were sold. other house sales increased by 28.9% compared to April 2021. Other house sales had a 75.9% share of all house sales.

36,421 houses were sold for the first time ( new construction sales ). The number of homes sold for the first time increased %24.7 compared to April 2021. of all home sales new real estate sales share in Turkey %27.4 (April 2021: %30,5 ).

In the sale of second-hand real estate, a total of 96.637 second-hand houses were sold. Second-hand sales increased %45.0 compared to April 2021.

Real estate sales to foreigners in Turkey over the same month of the previous year increased %58.1, House sales to foreigners had 4.8% share of all house sales in April, The most popular cities: Istanbul, Antalya, Ankara.

Data based on castrate and land registry (15.05.2022)


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