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

A total of 95,863 real estate were sold in April 2021, which is 124,1% higher than April 2020. Istanbul ranks first with 19,260 house sales with a share of 20.1%, while Ankara comes second with (9.5% share) and 9,126 total sales, Izmir came third with(5.7% share) and 5,505 total sales.

Mortgage-financed sales increased %2,5 compared to April 2020 at 17,514. and %18,3 total sales share, (April 2020: %39,9 ). In mortgage sales, Istanbul ranked first with 2,451 house sales.

As a result of self-financing transfers 78,349 houses exchanged. Self-financing transfers increased by %204,9 compared to April 2020. Istanbul was again the first with 15,491 real estate sales, Ankara came second with 6,867 sales. Followed with Izmir 4,300 sales.

29,212 houses were sold for the first time ( new construction sales ). The number of homes sold for the first time increased %96,7 compared to April 2020. of all home sales new real estate sales share in Turkey %30,5 (April 2020: %34,7 ). Istanbul had the largest share in new construction sales, followed by Ankara and Izmir.

In the sale of second-hand real estate, a total of 66,651 second-hand houses were sold. Second-hand sales increased %138,6 compared to April 2020.

real estate sales to foreigners in Turkey over the same month of the previous year increased %416.1. The most popular cities: Istanbul, Antalya, Ankara, Mersin, and Bursa.

Data based on cadastre and land registry (12.05.2021)


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