Development of the real estate sector in Turkey in April 2022– Surge In Mortgage Financed Property Sales in Turkey

A total of 133,058 real estate was sold in April 2022, which is 38.8% higher compared to the same month of the previous year. Istanbul ranks first with 26.330 house sales with a share of 19.8%, while Ankara comes second with (9.2% share) and 12,195 total sales, Izmir came third with(6.4% share) and 8,459 total sales.

In the January-April period, house sales increased by 26.2% compared to the same period of the previous year and became 453 thousand 121.

Mortgage-financed sales increased %82.9 compared to April 2021 at 32,030 and %24.1 total sales share, (April 2021: %18,3 .)

As a result of other house sales 101,028 houses were sold. other house sales increased by 28.9% compared to April 2021. Other house sales had a 75.9% share of all house sales.

36,421 houses were sold for the first time ( new construction sales ). The number of homes sold for the first time increased %24.7 compared to April 2021. of all home sales new real estate sales share in Turkey %27.4 (April 2021: %30,5 ).

In the sale of second-hand real estate, a total of 96.637 second-hand houses were sold. Second-hand sales increased %45.0 compared to April 2021.

Real estate sales to foreigners in Turkey over the same month of the previous year increased %58.1, House sales to foreigners had 4.8% share of all house sales in April, The most popular cities: Istanbul, Antalya, Ankara.

Data based on castrate and land registry (15.05.2022)


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