Development of the real estate sector in Turkey

Development of the real estate sector in Turkey in June 2020 – Housing Sales Statistics in June 2020

In June a total of 190,012 properties were sold, 209.7 % more than in June 2019. Istanbul took first place with 28,799 transfers and a share of 15.2%, followed by Ankara with 21,915 (11.5% share) and Izmir with 11,690 transfers (6.2% share).

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Development of the real estate sector in Turkey in June 2020 – Housing Sales Statistics June 2020

Mortgage-financed sales showed an increased by 1,186.9% compared to June 2019. The share of mortgage sales in total sales was 53.4% (June 2019: 11.9%). In mortgage sales, Istanbul ranked first with 14,767 house sales.

88,508 houses changed hands as a result of self-financed transfers. Self-financed transfers increased by 63.8% compared to June 2019. Istanbul ranked first with 14,032 house sales and Ankara second with 8,114 sales. Izmir was followed by Ankara with 5,004 sales.

58,632 houses were sold for the first time (= new construction sales). The number of properties sold for the first time increased by 152.7% compared to June 2019. The sales share of new properties in Turkey in all house sales was 30.9% (June 2019: 26.8%. In new construction sales, Istanbul had the largest share followed by Ankara and İzmir.

A total of 131,380 houses changed hands in the second-hand sale of Turkish property. The second-hand sales showed a 244.9% increase compared to June 2019.

Property sales in Turkey to foreignersdecreased by 38.1% compared to the same month of the previous year. The most popular provinces were Istanbul, Antalya, Ankara, Izmir and Yalova.

Data based on cadastral and land registry office (29.07.2020)

Development of the real estate sector in Turkey in May 2020 – Housing Sales Statistics May 2020

In May a total of 50,936 properties were sold, 44.6 % less than in May 2019. Istanbul took first place with 7,640 transfers and a share of 15%, followed by Ankara with 4,939 (9.7% share) and Izmir with 3,096 transfers (6.1% share).

Mortgage-financed sales leveling at 18,483 resulted in an increase of 23.9% compared to May 2019. The share of mortgage share in total sales was 36.3% (May 2019: 6.4%). In mortgage sales, Istanbul ranked first with 1,211 house sales.

32,45, houses changed hands as a result of self-financed transfers. Self-financed transfers decreased by 57.9% compared to May 2019. Istanbul ranked first with 5,070 house sales and Ankara second with 2,761 sales. Izmir follows with 1,842 sales.

16,860 houses were sold for the first time (= new construction sales). The number of properties sold for the first time decreased by 54.7% compared to May 2019. The sales share of new properties in Turkey in all house sales was 33.1% (May 2019: 41.1%. In new construction sales, Istanbul had the largest share followed by Ankara and İzmir.

A total of 34,076 houses changed hands in the second-hand sale of Turkish property. The second-hand sales showed a 37.7% decrease compared to May 2019.

Property sales in Turkey to foreignersdecreased by 78.1% compared to the same month of the previous year. The most popular provinces were Istanbul, Antalya, Ankara, Izmir and Yalova.

Data based on cadastral and land registry office (25.06.2020)