Table of Contents
- 75 thousand 569 houses were sold in Turkey in April 2024
- House sales in January-April 2024
- Mortgaged house sales became 7 thousand 71 in April 2024
- 24 thousand 85 houses were sold for the first time
- Second hand house sales became 51 thousand 484 in April 2024
- In April 2024, a thousand 272 houses were sold to foreigners
- House sales were mostly made to Russia citizens according to nationalities
75 thousand 569 houses were sold in Turkey in April 2024
In Turkey, house sales decreased by 11.8% in April compared to the same month of the previous year and became 75 thousand 569. The provinces with the highest number of house sales were Istanbul with 12 thousand 406, Ankara with 6 thousand 272, and Antalya with 4 thousand 427, while the provinces with the lowest number were Ardahan with 18, Hakkari with 35 and Tunceli with 49.
House sales in January-April 2024
In January-April period, house sales decreased by 3.7% compared to the same period of the previous year and became 355 thousand 173.
Mortgaged house sales became 7 thousand 71 in April 2024
In Turkey, mortgaged house sales decreased by 67.5% in April 2024 compared to the same month of the previous year and became 7 thousand 71. Mortgaged house sales had 9.4% share of all house sales. In January-April 2024 period, mortgaged house sales decreased by 57.0% compared to the same period of the previous year and became 34 thousand 693.
A thousand 744 of mortgaged house sales in April and 8 thousand 313 of mortgaged house sales in January-April period were first sales.
24 thousand 85 houses were sold for the first time
In Turkey, first time house sales decreased by 10.6% in April 2024 compared to the same month of the previous year and became 24 thousand 85. First sales had 31.9% share of all house sales. In January-April 2024 period, first time house sales increased by 1.3% compared to the same period of the previous year and became 112 thousand 341.
Second hand house sales became 51 thousand 484 in April 2024
In Turkey, second hand house sales decreased by 12.3% in April 2024 compared to the same month of the previous year and became 51 thousand 484. Second hand sales had 68.1% share of all house sales. In January-April 2024 period, second hand house sales decreased by 5.9% compared to the same period of the previous year and became 242 thousand 832.
In April 2024, a thousand 272 houses were sold to foreigners
House sales to foreigners decreased by 50.3% in April 2024 compared to the same month of the previous year and became a thousand 272. House sales to foreigners had 1.7% share of all house sales in April 2024. The provinces with the highest number of house sales to foreigners were Antalya with 454, Istanbul with 407 and Mersin with 149.
In January-April 2024 period, house sales to foreigners decreased by 48.4% compared to the same period of the previous year and became 6 thousand 957.
House sales were mostly made to Russia citizens according to nationalities
In April 2024, the most house sales by country nationality were made to citizens of the Russia with 293, Iran with 117 and Ukraine with 91.
Resource: Turkish Statistical Institute
Frequently asked questions
Can foreigners buy apartments in residential complexes in Istanbul?
Yes, foreigners can buy apartments in residential complexes in Istanbul, provided they comply with local laws and verify that there are no restrictions on purchasing in certain designated areas.
Is it better to buy a ready-to-move-in luxury property or invest in new construction?
This depends on your needs and preferences:
- Buying a ready-to-move-in property saves time and effort and allows for immediate relocation.
-Investing in new construction allows for customizing the property according to your personal preferences.
How is the rental contract renewed?
The rental contract is renewed through an agreement between the landlord and tenant on the new terms and conditions, and by renewing the contract in writing. It is advisable to discuss renewal well before the contract expires.
Can I terminate the rental contract before its expiration date?
You can terminate the rental contract before its expiration date if it is agreed upon in the contract or if you and the landlord come to an agreement. There may be penalties for early termination.
How can I pay the rent?
You can pay the rent through various methods such as bank transfer, cash, or via electronic payment applications. Make sure to keep receipts of the payments.
