Turkey’s house sales jump in Nov. ’24

House sales in Turkey saw a significant increase in November, rising by 63.6 per cent compared to the same month in 2023, reaching a total of 153,014 transactions. The highest number of sales were recorded in Istanbul (26,320), Ankara (14,916), and Izmir (8,583), while Bayburt, Tunceli, and Hakkari had the fewest sales.

In the January-November period, house sales grew by 16.4 per cent, totaling 1.27 million properties sold. Mortgaged house sales surged by 315.7 per cent in November, reaching 21,804, though they decreased by 21.3 per cent year-to-date.

First-time house sales also saw a sharp increase, up 61.7 per cent in November, with 49,274 properties sold. Meanwhile, second-hand sales rose by 64.6 per cent, reaching 103,740 homes.

Sales to foreigners decreased by 8.2 per cent in November, totaling 2,151 homes. The highest number of foreign sales was to Russian citizens (421), followed by Iranians (200) and Ukrainians (160).

Attribution: TURKSTAT

Subediting: M. S. Salama