House Sales Statistics, April 2024
75 thousand 569 houses were sold in Türkiye
In Türkiye, 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, April 2024
Houses sales decreased by 3.7% 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 Türkiye, mortgaged house sales decreased by 67.5% in April 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 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.
Other house sales became 68 thousand 498
In Türkiye, other house sales increased by 7.2% in April compared to the same month of the previous year and became 68 thousand 498. Other house sales had 90.6% share of all house sales. In January-April period, other house sales increased by 11.2% compared to the same period of the previous year and became 320 thousand 480.
House sales by type, April 2024
24 thousand 85 houses were sold for the first time
In Türkiye, first time house sales decreased by 10.6% in April 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 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 Türkiye, second hand house sales decreased by 12.3% in April 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 period, second hand house sales decreased by 5.9% compared to the same period of the previous year and became 242 thousand 832.
House sales by state, April 2024
In April, a thousand 272 houses were sold to foreigners
House sales to foreigners decreased by 50.3% in April 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. 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 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, the most house sales by country nationality were made to citizens of the Russia with 293, Iran with 117 and Ukraine with 91.
House sales by nationalities for top 10, April 2024
Tuik – House Sales Statistics April 2024
Key Takeaways:
- Total Sales: In April 2024, 75,569 houses were sold in Türkiye, marking an 11.8% decrease compared to April 2023.
- Top Performing Provinces: Istanbul led with 12,406 sales, followed by Ankara with 6,272 and Antalya with 4,427.
- Lowest Sales: Ardahan, Hakkari, and Tunceli recorded the fewest sales with 18, 35, and 49 houses respectively.
- January-April Trends: The first four months of 2024 saw a total of 355,173 house sales, a 3.7% decrease from the same period in 2023.
- Mortgaged Sales Decline: Mortgaged house sales dropped by 67.5% year-over-year in April to 7,071 units, making up 9.4% of total sales.
- Rise in Non-Mortgaged Sales: Other house sales increased by 7.2% in April, reaching 68,498 units, representing 90.6% of all sales.
- First-Time Sales: First-time house sales decreased by 10.6% in April to 24,085 units but saw a 1.3% increase over the January-April period.
- Second-Hand Sales: Second-hand house sales fell by 12.3% in April to 51,484 units and decreased by 5.9% in the January-April period.
- Foreign Buyer Impact: House sales to foreigners decreased by 50.3% in April, totaling 1,272 units, with Antalya, Istanbul, and Mersin leading these sales.
- Top Foreign Buyers: Russian citizens were the top foreign buyers in April, with 293 house purchases, followed by Iranians (117) and Ukrainians (91).
These takeaways provide a snapshot of the current trends and dynamics in the Turkish real estate market for April 2024.
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Reference: https://www.tuik.gov.tr
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