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

A total of 491,856 real estate were sold in 2021, which is 0,5% less than 2020. Istanbul ranks first with 276.223 house sales with a share of 18.5%, while Ankara comes second with (9.7% share) and 144,104 total sales, Izmir came third with(5.8% share) and 86,722 total sales.

Mortgage-financed sales increased %209,3 compared to December 2020 at 45,260 and %19,7 total sales share, (December 2020: %13,8 ). In January-December period, mortgaged house sales decreased by 48.6% compared to the same period of the previous year.

As a result of self-financing transfers 181,243 houses were sold. Self-financing transfers increased by 98.4% compared to December 2020. Other house sales had a 80.3% share of all house sales. In the January-December period, self-financed house sales increased by 29.3% compared to the same period of the previous.

76,747 houses were sold for the first time ( new construction sales ). The number of homes sold for the first time increased %108,0 compared to December 2020. of all home sales new real estate sales share in Turkey %30.9 (December 2020: %34,8 ). In January-December period, first time house sales decreased by 1.7% compared to the same period of the previous year.

In the sale of second-hand real estate, a total of 149,756 second-hand houses were sold. Second-hand sales increased %116,8 compared to December 2020.

Real estate sales to foreigners in Turkey over the same month of the previous year increased %43.5. The most popular cities: Istanbul, Antalya, Ankara.

Data based on cadastre and land registry (15.01.2022)


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