Table of Contents
House sales statistics in Turkey for May 2024
110 thousand 588 houses were sold in Turkey
In Turkey, house sales decreased by 2.4% in May compared to the same month of the previous year and became 110 thousand 588. The provinces with the highest number of house sales were Istanbul with 18 thousand 814, Ankara with 9 thousand 861 and Antalya with 6 thousand 306, while the provinces with the lowest number were Bayburt with 37, Ardahan with 46 and Hakkari with 60.
Houses sales decreased by 3.4% in January-May 2024
In January-May period, house sales decreased by 3.4% compared to the same period of the previous year and became 465 thousand 761.
Mortgaged house sales became 9 thousand 909
In Turkey, mortgaged house sales decreased by 63.9% in May compared to the same month of the previous year and became 9 thousand 909. Mortgaged house sales had 9.0% share of all house sales. In January-May period, mortgaged house sales decreased by 58.7% compared to the same period of the previous year and became 44 thousand 602.
2 thousand 316 of mortgaged house sales in May and 10 thousand 629 of mortgaged house sales in January-May period were first sales.
Other house sales became 100 thousand 679
In Turkey, other house sales increased by 17.3% in May compared to the same month of the previous year and became 100 thousand 679. Other house sales had 91.0% share of all house sales. In January-May period, other house sales increased by 12.6% compared to the same period of the previous year and became 421 thousand 159.
35 thousand 558 houses were sold for the first time
In Turkey, first time house sales increased by 3.3% in May compared to the same month of the previous year and became 35 thousand 558. First sales had 32.2% share of all house sales. In January-May period, first time house sales increased by 1.8% compared to the same period of the previous year and became 147 thousand 899.
Second hand house sales became 75 thousand 30
In Turkey, second hand house sales decreased by 4.9% in May compared to the same month of the previous year and became 75 thousand 30. Second hand sales had 67.8% share of all house sales. In January-May period, second hand house sales decreased by 5.6% compared to the same period of the previous year and became 317 thousand 862.
In May, 2 thousand 64 houses were sold to foreigners
House sales to foreigners decreased by 34.8% in May compared to the same month of the previous year and became 2 thousand 64. House sales to foreigners had 1.9% share of all house sales in May. The provinces with the highest number of house sales to foreigners were Antalya with 797, Istanbul with 668 and Mersin with 164.
House sales to foreigners, May 2024
In January-May period, house sales to foreigners decreased by 45.8% compared to the same period of the previous year and became 9 thousand 21.
House sales were mostly made to Russia citizens according to nationalities
In May, the most house sales by country nationality were made to citizens of the Russia with 437, Iran with 207 and Ukraine with 171.
Source: TURKSTAT
Frequently asked questions
What are the costs of apartments in residential complexes in Istanbul?
Apartment costs vary based on location, facilities, and size. Generally, apartment prices in residential complexes range from mid to high, depending on these factors.
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.
How are common area maintenance fees (dues) paid in residential complexes?
Common area maintenance fees are usually paid monthly or annually via bank transfer or electronic payment and cover costs for maintenance, cleaning, security, and shared facilities.
Do residential complexes offer additional services such as shopping and education?
Some large residential complexes provide commercial centers, restaurants, cafes, schools, or nurseries within the complex or very close to it to meet residents' needs.
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.
