Development of the real estate sector in Turkey in August 2021 – Surge In Mortgage Financed Property Sales in Turkey

A total of 141,400 real estate were sold in August 2021, which is 17,0% less than August 2020. Istanbul ranks first with 24.286 house sales with a share of 17.2%, while Ankara comes second with (9.6% share) and 13,642 total sales, Izmir came third with(5.5% share) and 7,731 total sales.

Mortgage-financed sales decreased %64,0 compared to August 2020 at 27,375 and %19,14 total sales share, (August 2020: %44,6 ). In mortgage sales, Istanbul ranked first with 5,636 house sales.

As a result of self-financing transfers 114,025 houses were exchanged. Self-financing transfers increased by 20.8% compared to August 2020. Istanbul was again the first with 18,650 real estate sales, Ankara came second with 10,178 sales. Followed with Izmir 6,065 sales.

42,639 houses were sold for the first time ( new construction sales ). The number of homes sold for the first time decreased %18,2 compared to August 2020. of all home sales new real estate sales share in Turkey %30,2 (August 2020: %30,6 ). Istanbul had the largest share in new construction sales, followed by Ankara and Izmir.

In the sale of second-hand real estate, a total of 98,761 second-hand houses were sold. Second-hand sales decreased %16,5 compared to August 2020.

Real estate sales to foreigners in Turkey over the same month of the previous year increased %50.7. The most popular cities: Istanbul, Antalya, Ankara, Mersin, and Yalova.

Data based on cadastre and land registry (14.09.2021)


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