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

A total of 97,587 real estate was sold in February 2022, which is 20.1% higher compared to the same month of the previous year. Istanbul ranks first with 18.752 house sales with a share of 19.2%, while Ankara comes second with (8.7% share) and 8,464 total sales, Izmir came third with(5.7% share) and 5,575 total sales.

In the January-February period, house sales increased by 22.5% compared to the same period of the previous year and became 185 thousand 893.

Mortgage-financed sales increased %35.6 compared to February 2021 at 19,888 and %20,4 total sales share, (February 2021: %18,1 .)

As a result of self-financing transfers 77,699 houses were sold. Self-financing transfers increased by 16.7% compared to February 2021. Other house sales had a 79.6% share of all house sales.

28,897 houses were sold for the first time ( new construction sales ). The number of homes sold for the first time increased %16.8 compared to February 2021. of all home sales new real estate sales share in Turkey %29.6 (February 2021: %30,5 ).

In the sale of second-hand real estate, a total of 68,690 second-hand houses were sold. Second-hand sales increased %21.6 compared to February 2021.

Real estate sales to foreigners in Turkey over the same month of the previous year increased %54.9, House sales to foreigners had 4.7% share of all house sales in February, The most popular cities: Istanbul, Antalya, Ankara.

Data based on castrate and land registry (15.03.2022)


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