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

A total of 134,170 real estate was sold in March 2022, which is 20.6% higher compared to the same month of the previous year. Istanbul ranks first with 23.974 house sales with a share of 17.9%, while Ankara comes second with (9.4% share) and 12,609 total sales, Izmir came third with(6.0% share) and 8,051 total sales.

In the January-March period, house sales increased by 21.7% compared to the same period of the previous year and became 320 thousand 63.

Mortgage-financed sales increased %38.8 compared to March 2021 at 30,271 and %22.6 total sales share, (March 2021: %19.6 .)

As a result of self-financing transfers 103,899 houses were sold. Self-financing transfers increased by 16.2% compared to March 2021. Other house sales had a 77.4% share of all house sales.

38,337 houses were sold for the first time ( new construction sales ). The number of homes sold for the first time increased %14.9 compared to March 2021. of all home sales new real estate sales share in Turkey %28.6 (March 2021: %30,5 ).

In the sale of second-hand real estate, a total of 95,833 second-hand houses were sold. Second-hand sales increased %23.1 compared to March 2021.

Real estate sales to foreigners in Turkey over the same month of the previous year increased %31.0, House sales to foreigners had 4.1% share of all house sales in March, The most popular cities: Istanbul, Antalya, Ankara.

Data based on castrate and land registry (15.04.2022)


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