Housing Sales in Türkiye Surge by 20.6% in March
Residential property sales in Türkiye increased by 20.6% in March compared to the same month of the previous year. In the January–March period, housing sales reached 320,063 units, recording a 21.7% year-on-year increase.
Mortgaged and Other Property Sales
Mortgaged Sales: Mortgaged house sales across Türkiye rose by 38.8% year-on-year in March to reach 30,271 units. Mortgaged sales accounted for 22.6% of total housing sales.
Other Sales: Other types of property sales grew by 16.2% year-on-year in March, totaling 103,899 units, representing 77.4% of overall sales.
First-Hand vs. Second-Hand Market
First-Hand Sales: First-hand residential sales increased by 14.9% in March compared to the same month last year, reaching 38,337 units (a 28.6% share of total sales).
Second-Hand Sales: Second-hand property sales registered a 23.1% year-on-year rise in March, reaching 95,833 units (a 71.4% share of total sales).
Foreign Buyers Market Jumps by 31%
Property sales to foreign buyers expanded by 31.0% year-on-year in March, reaching 5,567 units, which accounted for 4.1% of total sales. In the January–March period, foreign property sales grew by 45.1% year-on-year to reach 14,344 units.
Top Cities for Foreign Buyers:
Istanbul: 2,245 units
Antalya: 1,434 units
Ankara: 347 units
Top Buyer Nationalities in March:
Iran: 784 properties
Iraq: 741 properties
Russia: 547 properties
Source: Milliyet News
