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

A total of 97,587 real estate was sold in February 2022, which is 20.1% higher compared to the same month of the previous year. Istanbul ranks first with 18.752 house sales with a share of 19.2%, while Ankara comes second with (8.7% share) and 8,464 total sales, Izmir came third with(5.7% share) and 5,575 total sales.

In the January-February period, house sales increased by 22.5% compared to the same period of the previous year and became 185 thousand 893.

Mortgage-financed sales increased %35.6 compared to February 2021 at 19,888 and %20,4 total sales share, (February 2021: %18,1 .)

As a result of self-financing transfers 77,699 houses were sold. Self-financing transfers increased by 16.7% compared to February 2021. Other house sales had a 79.6% share of all house sales.

28,897 houses were sold for the first time ( new construction sales ). The number of homes sold for the first time increased %16.8 compared to February 2021. of all home sales new real estate sales share in Turkey %29.6 (February 2021: %30,5 ).

In the sale of second-hand real estate, a total of 68,690 second-hand houses were sold. Second-hand sales increased %21.6 compared to February 2021.

Real estate sales to foreigners in Turkey over the same month of the previous year increased %54.9, House sales to foreigners had 4.7% share of all house sales in February, The most popular cities: Istanbul, Antalya, Ankara.

Data based on castrate and land registry (15.03.2022)


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