Development of the real estate sector in Turkey - February 2019
Mortgage-financed purchases fell by 68.2% to 8,890 properties. The proportion of transfers financed by mortgages totalled 11.3 %. Istanbul (1,724 properties) occupies the top position.
Self-financed transfers increased by 2.2 % to 69,560. Istanbul (12,738) and Ankara (6,648) are also in the lead here.
At 32,648 properties, new construction sales were 25.3 % down on the same month last year. The resale of properties also declined by 12.3 % to 45,802 properties.
Transfers of real estate to foreign citizens increased by 92.1 % year-on-year. The most popular provinces were Istanbul, Antalya, Ankara, Bursa and Yalova.Data based on cadastral and land registry office (status 18.03.2019).