Development of the real estate sector in Turkey - March 2019
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).