140.919 houses were sold in September across Turkey
Housing sales across Turkey increased by 37.3% in September compared to the same month of the previous year, reaching 140.919. The cities with the highest number of house sales were Istanbul with 21.314, Ankara with 13.205, and Izmir with 7.612, while the cities with the lowest number of house sales were Hakkari with 74, Ardahan with 82, and Bayburt with 106, respectively.
Housing sales increased by 5.2% in the January-September period
Housing sales increased by 5.2% compared to the same period of the previous year, reaching 947.236.
Mortgaged house sales amounted to 15.825
Mortgaged house sales across Turkey increased by 87.4% in September compared to the same month of the previous year, reaching 15.825. The share of mortgaged sales in total house sales was 11.2%. Mortgaged house sales in the January-September period decreased by 42.6% compared to the same period of the previous year, reaching 92.310.
In September, 3.685 and in the January-September period, 21.702 mortgaged house sales were first hand.
125.094 houses changed hands as a result of other sales types
Other house sales across Turkey increased by 32.8% in September compared to the same month of the previous year, reaching 125.094. The share of other sales in total house sales was 88.8%. Other housing sales in the January-September period increased by 15.7% compared to the same period of the previous year, reaching 854.926.
The number of first-hand house sales was 44 thousand 858
The number of first-hand house sales across Turkey increased by 47.1% in September compared to the same month of the previous year, reaching 44 thousand 858. The share of first-hand house sales in total house sales was 31.8%. In the January-September period, first-hand house sales increased by 12.0% compared to the same period of the previous year, reaching 300 thousand 879.
96 thousand 61 houses changed hands in second-hand house sales
The number of second-hand house sales across Turkey increased by 33.1% in September compared to the same month of the previous year, reaching 96 thousand 61. The share of second-hand house sales in total house sales was 68.2%. In the January-September period, second-hand house sales increased by 2.4% compared to the same period of the previous year, reaching 646 thousand 357.
2.022 houses were sold to foreigners in September
House sales to foreigners decreased by 31.0% in September compared to the same month of the previous year, reaching 2.022. The share of house sales to foreigners in total house sales in September was 1.4%. The cities with the highest number of house sales to foreigners were Istanbul with 783, Antalya with 548, and Mersin with 210, respectively.
House sales to foreigners, September 2024
Housing sales to foreigners decreased by 39.1% in the January-September period compared to the same period of the previous year, reaching 17.090.
The highest number of housing sales by nationality were made to citizens of the Russian Federation
In September, the highest number of housing sales by nationality were made to citizens of the Russian Federation with 346, Iran with 163 and Iraq with 139.
Frequently asked questions
What legal protections are available for foreign buyers in Turkey?
Turkish law guarantees the rights of foreign buyers just like any Turkish citizen. It is advisable to ensure all legal procedures are followed and to work with a qualified lawyer to secure your rights.
How can I finance the purchase of luxury property in Istanbul?
You can finance the purchase through mortgage loans offered by local and international banks. Some banks offer flexible financing options for foreign investors with favorable repayment terms.
What should I do if there is a problem with the property?
If you encounter a problem with the property, you should inform the landlord immediately. If the issue is not resolved, you can turn to local authorities or seek legal advice.
Can I follow the property purchase procedures through digital services?
Yes, many governmental and private services offer digital tools to facilitate property purchase procedures, such as verifying the title deed (tapu) and electronically transferring documents and signatures. It is important to ensure the security and safety of these services.
Are there special incentives for international investors to purchase properties in Turkey?
Yes, Turkey offers various incentives for international investors, such as citizenship by investment programs, tax exemptions in certain areas, and eases in fund transfers.
