Development of the real estate sector in Turkey - March 2019

In March, 105,046 properties were sold, 5,3% less than in March of the previous year. Istanbul took first place with 19,140 transfers and a share of 18,2%, followed by Ankara with 10,619 (10,1%) and Izmir with 6,366 transfers (6,1%).

Mortgage-financed purchases fell by 30,6% to 22,762 properties. The proportion of transfers financed by mortgages totalled 21,7%. Istanbul (3,462 properties) has the top position.

Self-financed transfers increased by 5,3% to 82,284. Istanbul (15,678) and Ankara (7,620) are also in the lead here.

At 44,163 properties, new construction sales were 12,9% down on the same month last year. The resale of properties increased by 1,1% to 60,883 properties.

Transfers of real estate to foreign citizens increased by 71,3 % year-on-year. The most popular provinces were Istanbul, Antalya, Ankara, Bursa and Yalova.

Data based on cadastral and land registry office (status 17.04.2019).

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