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In March, housing sales in Turkey increased by 5.1% compared to the same month of the previous year, totaling 110,795 units. Despite the year-on-year increase, this marked the lowest monthly sales figure since June 2024.
According to the Turkish Statistical Institute (TÜİK), home sales across Turkey for the January–March period rose by 20.1%, reaching 335,786 units.
Top and Lowest Performing Provinces (March 2025)
- Highest number of sales:
- Istanbul: 19,820
- Ankara: 10,203
- Izmir: 7,513
- Lowest number of sales:
- Ardahan: 28
- Bayburt: 33
- Tunceli: 63
Mortgaged Sales Surge
- Mortgaged home sales in March rose by 41.5% year-on-year, totaling 18,225.
- Mortgage sales accounted for 16.4% of all home sales in March.
- In the January–March period, mortgaged sales increased by 87.3%, reaching 51,729.
- Of these, 4,331 in March and 12,143 during the first quarter were first-hand (new) home sales.
Other Types of Home Sales
- “Other” home sales (non-mortgaged) totaled 92,570 units in March, with a minimal increase of 0.1% year-on-year.
- These accounted for 83.6% of total sales in March.
- During January–March, such sales increased 12.7% to 284,057.
First-Hand vs. Second-Hand Sales
- First-hand (new) home sales in March:
- 33,307 units, down 3.2% YoY
- Made up 30.1% of total sales
- Q1 2025: Up 13.2% YoY to 99,876 units
- Second-hand home sales in March:
- 77,488 units, up 9.1% YoY
- Accounted for 69.9% of total sales
- Q1 2025: Up 23.3% YoY to 235,910 units
Sales to Foreign Buyers Decline
- Homes sold to foreigners in March: 1,574 units, down 11.5% YoY
- Made up 1.4% of total monthly sales
- Most sales to foreigners were in:
- Istanbul: 635
- Antalya: 496
- Mersin: 141
- In the January–March period, foreign sales dropped 19.5% YoY to 4,578 units
Top Foreign Buyers in March
- Russia: 275
- Iran: 153
- Ukraine: 124
