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

A total of 178,814 real estate were sold in November 2021, which is 59,0% higher than November 2020. Istanbul ranks first with 31.706 house sales with a share of 17.7%, while Ankara comes second with (9.6% share) and 17,117 total sales, Izmir came third with(6.2% share) and 11,116 total sales.

Mortgage-financed sales increased %61,0 compared to November 2020 at 39,366 and %22,0 total sales share, (November 2020: %21,7 ). In January-November period, mortgaged house sales decreased by 55.4% compared to the same period of the previous year.

As a result of self-financing transfers 139,448 houses were sold. Self-financing transfers increased by 58.4% compared to November 2020. Other house sales had a 78.0% share of all house sales. In the January-November period, self-financed house sales increased by 21.7% compared to the same period of the previous.

55,706 houses were sold for the first time ( new construction sales ). The number of homes sold for the first time increased %52,0 compared to November 2020. of all home sales new real estate sales share in Turkey %31,2 (November 2020: %32,6 ). In January-November period, first time house sales decreased by 11.1% compared to the same period of the previous year.

In the sale of second-hand real estate, a total of 123,108 second-hand houses were sold. Second-hand sales increased %62,4 compared to November 2020.

Real estate sales to foreigners in Turkey over the same month of the previous year increased %48.4. The most popular cities: Istanbul, Antalya, Ankara.

Data based on cadastre and land registry (15.12.2021)


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