Real estate sales in Turkey increased by 124.3% in July 2020 compared to the same month of the previous year.

A total of 229,357 houses changed hands in July, according to the Turkish Statistics Institute. Istanbul had the highest share of house sales with 17.2% and 39 thousand 432 sold house in July 2020. Turkish capital Ankara followed Istanbul with 26 thousand 885 house sales and Izmir 15 thousand 614 house sales with a share of 11.7% and 6.8% respectively.

The least house sales were in Hakkari with 19 houses, Ardahan with 30 houses, and Şırnak with 74 houses.

The mortgaged house sales throughout Turkey became 130,721 by increasing 900.6% compared to the same month of the previous year. House sales with a mortgage had a 57.0% share of all house sales in Turkey. Istanbul has the highest mortgage house sales in Turkey with 24 thousand sales and with a share of 18.4%. The least mortgaged other house sales were realized in Hakkari with 7 house sales.

Other house sales in Turkey became 98, 636 by increasing 10.6% compared to the same month of the previous year. In the other sales, Istanbul was the first province with 15, 432 sales, and 15.6% share. Other house sales had a 39.1% share of all house sales in İstanbul. Ankara was the second province with 8 thousand 961 sales. Ankara was followed by İzmir with 5, 837 sales. The least other house sales were realized in Hakkari with 12 house sales.

New-house sales in Turkey became 67,937 by increasing 74.5% compared to the same month of the previous year. New-house sales had a 29.6% share of all house sales in Turkey. The most new-house sales were in İstanbul with 10,429 sales. İstanbul was the first province in Turkey ranking that had most new-house sales share with 15.4%. The followers of Istanbul were Ankara with 6, 355 house sales, and Izmir with 4, 524 house sales.

The second-hand house sales in Turkey accounted for 161,420 by increasing 155.0% compared to the same month of the previous year. In the second-hand sales, İstanbul was the first province with 29,003 sales and 18.0% share. Share of the second-hand sales was 73.6% in Istanbul in total house sales. Ankara was the second province with 20,530 sales and Ankara was followed by Izmir with 11,090 sales.

In the January-July period, 854,126 houses were sold and increased by 40.5% compared to the same period of the previous year. In the January-July period, sales of mortgaged houses were 397,095 and increased by 313.9%, and in other types of sales, it was 457,031 and decreased by 10.8%. Houses sold for the first time in this period were 265,709 increased by 8.4%. Second-hand house sales were 588,417 and also increased by 62.1%.

Where Foreigners Buy Houses?

In house sales to foreigners accounted for 2,741 by decreasing 34.6% compared to the same month of the previous year. Istanbul was the first province with 1046 sales in July 2020. The followers of Istanbul were Antalya with 615 house sales, Ankara with 230 house sales, Mersin with 101 house sales, and Yalova with 88 house sales.

In the January-July period, house sales to foreigners became 17,003 by decreasing 29.6% compared to the same period of the previous year.

nationalities buying house in Turkey

In July, Iran citizens bought 540 houses from Turkey. The followers of Iran were Iraq with 388 house sales, Russia with 154 house sales, Afghanistan with 149 house sales, and Germany with 143 house sales.