House Sales Statistics, September 2023
102 thousand 656 houses were sold in Türkiye
In Türkiye, house sales decreased by 9.5% in September compared to the same month of the previous year and became 102 thousand 656. İstanbul had the highest share with 14.9% and 15 thousand 247 house sales. The followers of İstanbul were Ankara with 9 thousand 48 house sales and İzmir with 5 thousand 476 house sales with the share of 8.8% and 5.3% respectively. The provinces with the lowest number of sales were Ardahan with 47, Hakkari with 55 and Bayburt with 77 house sales.
House sales, September 2023
Houses sales decreased by 14.9% in January-September 2023
In January-September period, house sales decreased by 14.9% compared to the same period of the previous year and 900 thousand 74.
Mortgaged house sales became 8 thousand 446
In Türkiye, mortgaged house sales decreased by 50.2% in September compared to the same month of the previous year and became 8 thousand 446. Mortgaged house sales had 8.2% share of all house sales. In January-September period, mortgaged house sales decreased by 29.6% compared to the same period of the previous year and became 160 thousand 884.
A thousand 971 of mortgaged house sales in September and 48 thousand 865 of mortgaged house sales in January-September period were first sales.
Other house sales became 94 thousand 210
In Türkiye, other house sales decreased by 2.3% in September compared to the same month of the previous year and became 94 thousand 210. Other house sales had 91.8% share of all house sales. In January-September period, other house sales decreased by 10.8% compared to the same period of the previous year and became 739 thousand 190.
House sales by type, September 2023
30 thousand 488 houses were sold for the first time
In Türkiye, first time house sales decreased by 15.2% in September compared to the same month of the previous year and became 30 thousand 488. First sales had 29.7% share of all house sales. In January-September period, first time house sales decreased by 13.9% compared to the same period of the previous year and became 268 thousand 597.
Second hand house sales became 72 thousand 168
In Türkiye, second hand house sales decreased by 6.8% in September compared to the same month of the previous year and became 72 thousand 168. Second hand sales had 70.3% share of all house sales. In January-September period, second hand house sales decreased by 15.2% compared to the same period of the previous year and became 631 thousand 477.
House sales by state, September 2023
In September, 2 thousand 930 houses were sold to foreigners
House sales to foreigners decreased by 42.0% in September compared to the same month of the previous year and became 2 thousand 930. House sales to foreigners had 2.9% share of all house sales in September. Antalya ranked first with a thousand 7 sales to foreigners. The followers of Antalya were İstanbul with 978 house sales and Mersin with 211 house sales to foreigners.
In January-September period, house sales to foreigners decreased by 43.5% compared to the same period of the previous year and became 28 thousand 64.
House sales were mostly made to Russia citizens according to nationalities
In September, Russia citizens bought 722 houses from Türkiye. The followers of Russia citizens were Iran citizens with 327 house sales, Iraq citizens with 191 house sales and Germany citizens with 148 house sales.
Key Takeaways from the September 2023 House Sales Statistics:
- Steady Market Activity: Despite a 9.5% decrease in house sales in September 2023 compared to the previous year, Turkey’s real estate market remains active and resilient, offering opportunities for investors.
- Istanbul Dominance: Istanbul continues to be a hotspot for real estate investment, contributing the highest share with 14.9% of total house sales in September.
- Diverse Regional Market: While Istanbul leads, other major cities like Ankara and Izmir also maintain substantial shares, showcasing the diversity of investment options in Turkey.
- January-September Trends: The market witnessed a 14.9% decrease in house sales during the first nine months of 2023, with 900,074 houses sold.
- Mortgaged House Sales: Despite a 50.2% decrease in September, mortgaged house sales remain a significant segment, constituting 8.2% of all sales.
- Non-Mortgaged House Sales: Non-mortgaged house sales, though down by 2.3% in September, continue to dominate the market with a 91.8% share.
- First-Time Buyers: First-time house sales, with 29.7% of all sales, present opportunities for new homeowners, despite a 15.2% decrease in September.
- Second-Hand Sales: Second-hand house sales, representing 70.3% of all sales, maintain a strong presence in the market.
- International Investments: House sales to foreigners, though down by 42.0% in September, provide opportunities for international investors, with Antalya, Istanbul, and Mersin as top destinations.
- Russian Investors: Russian citizens lead the list of international buyers, with 722 house purchases in September.
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Reference: https://www.tuik.gov.tr
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