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Apartment Sales for November 2019

According to the information and statistics published by the Turkish Statistics Foundation, TÜİK, the number of apartments sold in Turkey for the month of November 2019 has increased

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2019-12-18 Last update 2020-02-13

Apartment Sales for November 2019

According to the information and statistics published by the Turkish Statistics Foundation, TÜİK, the number of apartments sold in Turkey for the month of November 2019 is exactly 138 thousand and 372 apartments, with a 54.4% increase in apartment sales compared to the same month of the last year 2018.
Istanbul ranked first among the Turkish States in selling residential apartments with 18% of sales across Turkey, by selling 24 thousand and 924 apartments. 
While Ankara ranked second among the best Turkish states in apartment selling with 14% of sales across Turkey, by selling 14 thousand and 406 apartments.
Izmir ranked third among the best Turkish states in apartment selling with 6.1% of sales across Turkey, with 8 thousand and 428 apartment sales.
As for the states that sold the least apartments in November, they were as follows:
Ardahan State 21 apartments sold, Hakkari State 44 apartments sold, and Bayburt State sold 72 apartments.
In the details of the statistic regarding the mortgaged apartments, the number of mortgaged apartments sold in November reached 43 thousand and 911 apartments, achieving a 31.7% increase in total sales of apartments all over Turkey, and a 72.48% increase in apartment sales compared to the same month last year.
Besides, the number of apartments sold for the first time reached 48 thousand and 909 apartments, achieving 35.5% of the total sales of apartments all over Turkey, and a 19.8% increase in sales compared to the same month last year.
The number of used apartments sold in November was 89 thousand and 463 apartments, achieving an 83.3% increase in sales of the same month last year.

Apartment sales

Apartment Sales to foreigners: Istanbul in the lead
Sales of apartments to foreigners in November 2019 reached exactly 3 thousand and 988 apartments, in which Istanbul ranked first among the Turkish States in selling residential apartments to foreigners, by selling 1855 apartments.
While Antalya came in second place with 825 apartments sold, then Ankara with 218 apartments, then Bursa with 128 apartments, followed by Yalova with 110 apartments sold to foreigners.
As for nationalities of the foreign citizens who bought apartments in Turkey, Iraqis ranked first with 575 apartments bought, then Iranians came second with 500 apartments, while Russians came third with 300 apartments, then Afghanis with 216 Apartments, then the Saudis with 174 apartments.


Edited by: Imtilak Real Estate ©
Source: Anadolu Agency
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