Development of the real estate sector in Turkey - May 2019

In May, 82,252 properties were sold, 31,3% less than in May of the previous year. Istanbul took first place with 15,895 transfers and a share of 19,3%, followed by Ankara with 8,240 (10%) and Antalya with 5,091 transfers (6,2%).

Mortgage-financed purchases fell by 85,8% to 5,231 properties. In total 6,4% of all transfers were financed by mortgages. Istanbul (1,163 properties) has the top position.

Self-financed transfers also decreased by 7% to 77,021. Istanbul (14,732), Ankara (7,658) and Antalya (4,829) are in the lead here.

At 33,443 properties, new construction sales were 8,6% down compared to the same month last year. The sale of new build properties has a total share of 39,6% of all real estate sales for April 2019. The resale of properties decreased by 8,3% to 50,960 properties.

Transfers of real estate to foreign citizens increased by 82,1 % year-on-year. The most popular provinces were Istanbul, Antalya, Ankara, Bursa and Yalova.

Data based on cadastral and land registry office (status 17.06.2019).

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