Development of the real estate sector in Turkey in November 2020 – Surge In Mortgage Financed Property Sales in Turkey

A total of 112,483 homes were sold in November 18.7% lower than November 2019. Istanbul ranks first with 21,158 house sales with a share of 18.8%, while İzmir (5.8% share) with 10,710 (9.5% share) and 6,574 turnover.

Mortgage-financed sales fell 44.3% compared to November 2019 at 24,450. total sales were 21.7% (November 2019: 31.7% ). In mortgage sales, Istanbul ranked first with 5,004 house sales.

As a result of self-financing transfers, 88,033 houses changed hands. Self-financing transfers decreased by 6.8% compared to November 2019. Istanbul was again the first with 16,154 house sales and Ankara came second with 7,975 house sales. Followed with Izmir 4,898 sales.

36,658 houses were sold for the first time ( new construction sales ). The number of homes sold for the first time decreased 25.0% compared to November 2019. of all home sales new real estate sales share in Turkey 32.6% (November 2019: 35.3% ). Istanbul had the largest share in new construction sales, followed by Ankara and Izmir.

In the sale of second-hand Turkish goods , a total of 75,825 houses changed hands. Second-hand sales fell 15.2% compared to November 2019.

real estate sales to foreigners in Turkey over the same month of the previous year 24.4% increased. The most popular cities : Istanbul , Antalya, Ankara , Yalova and Bursa .

Data based on cadastre and land registry (15.12.2020)


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