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

A total of 134,170 real estate was sold in March 2022, which is 20.6% higher compared to the same month of the previous year. Istanbul ranks first with 23.974 house sales with a share of 17.9%, while Ankara comes second with (9.4% share) and 12,609 total sales, Izmir came third with(6.0% share) and 8,051 total sales.

In the January-March period, house sales increased by 21.7% compared to the same period of the previous year and became 320 thousand 63.

Mortgage-financed sales increased %38.8 compared to March 2021 at 30,271 and %22.6 total sales share, (March 2021: %19.6 .)

As a result of self-financing transfers 103,899 houses were sold. Self-financing transfers increased by 16.2% compared to March 2021. Other house sales had a 77.4% share of all house sales.

38,337 houses were sold for the first time ( new construction sales ). The number of homes sold for the first time increased %14.9 compared to March 2021. of all home sales new real estate sales share in Turkey %28.6 (March 2021: %30,5 ).

In the sale of second-hand real estate, a total of 95,833 second-hand houses were sold. Second-hand sales increased %23.1 compared to March 2021.

Real estate sales to foreigners in Turkey over the same month of the previous year increased %31.0, House sales to foreigners had 4.1% share of all house sales in March, The most popular cities: Istanbul, Antalya, Ankara.

Data based on castrate and land registry (15.04.2022)


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