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TRDevelopment of the real estate sector in Turkey in February 2020 – Housing Sales Statistics February 2020
Mortgage-financed sales showed an increase of 391.9 % compared to February 2019. The share of mortgage sales in total sales was 36.8% (February 2019: 5.9 %). In mortgage sales, Istanbul ranked first with 8,281 house sales and an 18.0% share. The province with the lowest mortgage sales was Ardahan.
75,020 houses changed hands as a result of self-financed transfers. Self-financed transfers increased by 14.3% compared to February 2020. The share of self-financed transfers in total sales was 62.8%. Istanbul ranked first with 14,381 house sales (19.1% share) and Ankara second with 7,399 sales. Izmir was followed by Ankara with 4,541 sales.
37,303 houses were sold for the first time (= new construction sales). The number of properties sold for the first time increased by 14.3% compared to the same month of the previous year. The sales share of new properties in Turkey in all house sales was 31.4%. In new construction sales Istanbul had the highest share with 7,326 houses which amounts to 19.6%, followed by Ankara with 3,305 houses and İzmir with 2,370 houses.
81,450 houses changed hands in the second-hand sale of Turkish property. The second-hand sales showed an 77.8% increase compared to February 2019. Istanbul ranked first with 15,336 sales (18.8% share). The share of second hand sales in total house sales was 67.7% . Ankara ranked second with 10,021 houses sold. Ankara was followed by İzmir with the sale of 5,299 houses.
Property sales in Turkey to foreigners increased by 20.6% compared to the same month of the previous year. In February 2020, Istanbul took the first place in housing sales to foreigners, with 1,987 properties sold. The most popular provinces were Istanbul, Antalya, Ankara, Yalova and Bursa.
(Status 18.03.2020)
