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

A total of 88,306 real estate was sold in January 2022, which is 25.1% higher compared to the same month of the previous year. Istanbul ranks first with 15.110 house sales with a share of 17.1%, while Ankara comes second with (9.3% share) and 8,255 total sales, Izmir came third with(6.2% share) and 5,486 total sales.

Mortgage-financed sales increased %69.4 compared to January 2021 at 18,183 and %20,6 total sales share, (January 2021: %15,2 .)

As a result of self-financing transfers 70,123 houses were sold. Self-financing transfers increased by 17.2% compared to January 2021. Other house sales had a 79.4% share of all house sales.

27,203 houses were sold for the first time ( new construction sales ). The number of homes sold for the first time increased %22,2 compared to January 2021. of all home sales new real estate sales share in Turkey %30.8 (January 2021: %31,5 ).

In the sale of second-hand real estate, a total of 61,103 second-hand houses were sold. Second-hand sales increased %26,5 compared to January 2021.

Real estate sales to foreigners in Turkey over the same month of the previous year increased %56.5, House sales to foreigners had 4.7% share of all house sales in January, The most popular cities: Istanbul, Antalya, Ankara.

Data based on castrate and land registry (18.02.2022)


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