Introduction:

In this article, we’ll dive into the captivating world of house sales in Turkey. Get ready to explore the latest statistics and trends that shape the real estate market. From overall numbers to regional insights and foreign investments, we have it all covered. Let’s jump right in!

Total House Sales:

An impressive total of 85,652 houses were sold in Turkey during the reporting period. While this reflects a decrease of 35.6% compared to the same month in the previous year, it still highlights the robust nature of the housing market.

Regional Highlights:

When it comes to house sales by city, Istanbul takes the lead with a whopping 16.3% share and 13,944 houses sold. Ankara and Izmir follow closely, with 10,000 and 4,960 house sales respectively. These cities contribute significantly to Turkey’s real estate landscape, holding shares of 11.7% and 5.8% respectively. On the other end of the spectrum, Ardahan, Hakkari, and Bayburt recorded the lowest number of house sales, with 22, 53, and 53 units sold, respectively.

House Sales Trend:

Zooming out to the bigger picture, house sales experienced an 18.6% decrease during the January-April 2023 period, compared to the same period in the previous year. This decline signifies a shift in market dynamics, prompting potential buyers and investors to stay informed.

Mortgaged House Sales:

Within the total house sales, a notable subset involves mortgaged properties. In April, mortgaged house sales amounted to 21,769 units, making up 25.4% of all house sales. Although this figure reflects a 32.0% decrease from the previous year, it still highlights the significance of mortgage financing in the Turkish real estate market. During the January-April period, mortgaged house sales experienced a 19.7% decline, settling at 80,591 units. Remarkably, 7,388 and 25,552 of these sales in April and the January-April period respectively were marked as first-hand transactions.

Other House Sales:

Intriguingly, the majority of house sales fall under the category of “other.” In April, these sales reached 63,883 units, encompassing an impressive 74.6% share of the total. The January-April period recorded a decrease of 18.3%, totaling 288,276 units. These statistics shed light on the diverse nature of the housing market, indicating a wide array of properties available for potential buyers.

House Sales by Type:

Analyzing the type of sales, first-time house sales accounted for 26,952 units in April, representing 31.5% of all house sales. Although this indicates a 26.0% decline from the previous year, it underlines the enduring allure of owning a new home. During the January-April period, first-time house sales experienced a 15.3% decrease, settling at 110,859 units. On the other hand, second-hand house sales reached 58,700 units in April, constituting a significant 68.5% share of all house sales. Similarly, the January-April period witnessed a decline of 19.9%, resulting in a total of 258,008 second-hand house sales.

House Sales to Foreigners:

Foreign investment in Turkish real estate remains a captivating aspect of the market. In April, 2,557 houses were sold to foreigners, reflecting a 60.3% decrease from the previous year. This segment constituted 3.0% of total house sales. Notably, Antalya took the lead with 1thousand 24 sales to foreigners. Following Antalya, Istanbul and Mersin stood out with 792 and 186 house sales to foreigners, respectively.

Looking at the January-April period, house sales to foreigners decreased by 35.1% compared to the previous year, reaching a total of 13,483 sales. Russian citizens were the most active buyers, purchasing 817 houses in Turkey during April. Close behind were Iranian citizens with 377 house sales, Ukrainian citizens with 136, and Iraqi citizens with 124.

Conclusion:

The real estate market in Turkey showcases a dynamic landscape with diverse trends and statistics. Despite the overall decrease in house sales, certain cities like Istanbul, Ankara, and Izmir continue to thrive. Moreover, the allure of first-time homeownership remains strong, while the second-hand market offers an array of choices for buyers. Foreign investment in Turkish properties also remains significant, with Antalya attracting a substantial number of international buyers.

As the housing market evolves, it’s crucial for potential buyers, investors, and industry professionals to stay informed about the latest trends and statistics. These insights provide valuable guidance for navigating the Turkish real estate sector. Whether you’re looking for a new home, considering investment opportunities, or simply fascinated by the housing market, keeping a pulse on the numbers is key.

Remember to explore further details and consult experts to make informed decisions that align with your goals. Happy house hunting and investing in Turkey!