1/15/2021

Number of House Sales in Turkey Approaches 1.5M

​​The Turkish Statistical Institute (TurkStat) has released its report on house sales statistics in Turkey in 2020, recording sales of circa 1.5 million houses in Turkey over the past year. 

TurkStat reported that on a yearly basis sale of properties boosted by 11.2 percent.

Although house sales to foreigners saw a 10.3 percent decrease compared to the same period of 2019 due to the restrictions imposed by the COVID-19 outbreak, of all the house sales in 2020, 40,812 were purchased by foreigners. Nearly 50 percent of all house sales to foreigners were in Istanbul, with 19,175 house units. 

Turkey’s southern province, renowned for its holiday resort city of Antalya, followed Istanbul, the most populated city of the country, with 7,735 properties in 2020. Meanwhile, the country’s capital Ankara ranked third on the tally of the highest house sales with 2,746 properties. 

Mortgages played a greater role in house sales in 2020, with a 72.4 percent hike year-on-year to reach 573,337 properties. Of all the houses sold in Turkey 38 percent were bought with mortgages. 
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house; sales; TurkStat; mortgages; Istanbul; Antalya; COVID-19