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

A total of 144,143 real estate were sold in September 2021, which is 7,6% more than September 2020. Istanbul ranks first with 28.229 house sales with a share of 19.2%, while Ankara comes second with (9.7% share) and 14,218 total sales, Izmir came third with(6.0% share) and 8,806 total sales.

Mortgage-financed sales decreased %16,4 compared to September 2020 at 29,759 and %20,2 total sales share, (September 2020: %26,0 ). In January-September period, mortgaged house sales decreased by 64.3% compared to the same period of the previous year.

As a result of self-financing transfers 117,384 houses were sold. Self-financing transfers increased by 16.0% compared to September 2020. Other house sales had a 79.8% share of all house sales. In the January-September period, self-financed house sales increased by 17.6% compared to the same period of the previous.

43,967 houses were sold for the first time ( new construction sales ). The number of homes sold for the first time increased %6,3 compared to September 2020. of all home sales new real estate sales share in Turkey %29,9 (September 2020: %30,3 ). In January-September period, first time house sales decreased by 20.1% compared to the same period of the previous year.

In the sale of second-hand real estate, a total of 103,176 second-hand houses were sold. Second-hand sales increased %8,2 compared to September 2020.

Real estate sales to foreigners in Turkey over the same month of the previous year increased %25.8. The most popular cities: Istanbul, Antalya, Ankara.

Data based on cadastre and land registry (14.10.2021)


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