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

A total of 111,241 real estate were sold in March 2021, which is 2,4% higher than March 2020. Istanbul ranks first with 22,007 house sales with a share of 19.8%, while Ankara comes second with (9.9% share) and 11,003 total sales, Izmir came third with(6.0% share) and 6,636 total sales.

Mortgage-financed sales fell %49,7 compared to March 2020 at 21,815. total sales were %19,6 (March 2020: %39,9 ). In mortgage sales, Istanbul ranked first with 4,643 house sales.

As a result of self-financing transfers 89,426 houses exchanged. Self-financing transfers increased by %36,9 compared to March 2020. Istanbul was again the first with 17,364 real estate sales, Ankara came second with 8,224 sales. Followed with Izmir 5,158 sales.

33,365 houses were sold for the first time ( new construction sales ). The number of homes sold for the first time decreased %2,1 compared to March 2020. of all home sales new real estate sales share in Turkey %30,0 (March 2020: %31,4 ). 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 77,876 second-hand houses were sold. Second-hand sales increased %4,4 compared to March 2020.

real estate sales to foreigners in Turkey over the same month of the previous year increased %39.9. The most popular cities: Istanbul, Antalya, Ankara, Mersin, and Yalova.

Data based on cadastre and land registry (15.04.2021)


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