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

A total of 70,587 real estate were sold in January 2021, which is 37,9% lower than January 2020. Istanbul ranks first with 13,666 house sales with a share of 19.4%, while Ankara comes second with (9.4% share) and 6,635 total sales, Izmir came third with (5.8% share) and 4,063 total sales.

Mortgage-financed sales fell %74,6 compared to January 2020 at 10,732. total sales were %15,2 (January 2020: %37,2 ). In mortgage sales, Istanbul ranked first with 2,338 house sales.

As a result of self-financing transfers 59,855 houses exchanged. Self-financing transfers decreased by %16,1 compared to January 2020. Istanbul was again the first with 11,328 real estate sales, Ankara came second with 5,375 sales. Followed with Izmir 3,291 sales.

22,268 houses were sold for the first time ( new construction sales ). The number of homes sold for the first time decreased %38,2 compared to January 2020. of all home sales new real estate sales share in Turkey %31,5 (January 2020: %31,7 ). 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 48,319 second-hand houses were sold. Second-hand sales fell %37,7 compared to January 2020.

real estate sales to foreigners in Turkey over the same month of the previous year decreased %31.5. The most popular cities: Istanbul, Antalya, Ankara, Mersin, and Bursa.

Data based on cadastre and land registry (15.02.2021)


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