Development of the real estate sector in Turkey - April 2019

In April, 84,403 properties were sold, 18,1% less than in April of the previous year. Istanbul took first place with 15,481 transfers and a share of 18,3%, followed by Ankara with 7,519 (8,9%) and Izmir with 4,797 transfers (5,7%).

Mortgage-financed purchases fell by 61,3% to 10,793 properties. In total 12,8% of all transfers were financed by mortgages. Istanbul (2,040 properties) has the top position.

Self-financed transfers also decreased by 2,1% to 73,610. Istanbul (13,441) and Ankara (6,258) are also in the lead here.

At 33,443 properties, new construction sales were 8,6% down compared to the same month last year. The sale of new build properties has a total share of 39,6% of all real estate sales for April 2019. The resale of properties decreased by 8,3% to 50,960 properties.

Transfers of real estate to foreign citizens increased by 82,1 % year-on-year. The most popular provinces were Istanbul, Antalya, Ankara, Bursa and Yalova.

Data based on cadastral and land registry office (status 16.05.2019).

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