House sales in Türkiye climb 13.3% year-on-year in first 11 months

More than 1.43M houses sold during January-November, driven by significant increase in mortgage-financed sales

By Mucahithan Avcioglu

ISTANBUL (AA) - House sales in Türkiye increased 13.3% year-on-year in January-November, the Turkish Statistical Institute (TurkStat) reported Tuesday.

More than 1.43 million homes changed hands during the 11-month period, the data showed.

New home sales climbed 8.9% year-on-year to 444,096 units during the same period, while second-hand sales jumped 15.4% to 990,037 units.

Mortgage-financed sales soared 53.5% in January-November compared to a year earlier, totaling 207,519 homes.

In November alone, the house sales fell 7.8% year-on-year, amounting to 141,100 units.

During the month, Istanbul led the market, with 24,234 house sales; the capital, Ankara, followed with 12,706 sales, while the Aegean city of Izmir recorded 8,540 sales.

Sales to foreign buyers also saw a year-on-year decline in November, with 1,943 homes sold to non-Turkish citizens—a 9.7% drop from last year.

Russians, Ukrainians, and Germans accounted for the highest number of foreign purchases in November.

Kaynak: