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Rise in Sales of Residential Units in Turkey

: 2019-09-20 Modified date : 2019-10-21

Rise in Sales of Residential Units in Turkey
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Total sales of residential units in Turkey reached 110,538 units in August 2019, a 5.1% increase over the same period last year.

This came according to information included in the statistical study prepared by the Turkish Statistical Organization, which is published monthly under the title "Statistics of residential units’ sales."

Istanbul has maintained the top position among the best-selling Turkish residential units with 15,881 residential units, accounting for 14.4% of the total sales of residential units in Turkey.

After Istanbul, Ankara sold 10 thousand and 707 units, accounting for 9.7% of the general sales, and Izmir came in third place with sales of 6,255 housing units, accounting for 5.5% of the total sales.

While the number of mortgaged housing units sold in August of this year amounted to 34 thousand and 148 units, where the proportion of total sales 30.9% and achieved an increase of 168% compared to sales of mortgaged units in the same period last year 2018.

Istanbul accounted for 12.8% of sales of mortgaged residential units by selling 4,382 mortgaged units, while the state of Bilecik was the best-selling state of Turkey for mortgaged housing units by 43.8%.

Residential sales in Turkey: new details

As for the units sold for the first time during the month of August this year, they accounted for 36.8% of the total sales of residential units in this month, with a sale of 40 thousand and 634 residential units. Thus, achieving a 17.7% increase over sales of new residential units sold for the first time in the same period last year 2018.

Istanbul ranked first among Turkey's best-selling states for residential units sold for the first time with sales of 14.8%, 6,000 units sold for the first time, followed by Ankara with sales of 3,107 units, then Izmir with 1994 sales of new residential units.

Residential sales in Turkey

On the other hand, sales of used residential units amounted to 69,904 units, an increase of 25.3% compared to sales of used units in the same period last year 2018.

Istanbul ranked first among the best-selling Turkish residential units with 14.1% of these sales, with 9,880 used residential units.

Sales of residential units to foreigners continue to progress

Sales of residential units to foreigners in August 2019 amounted to 3,604 where Istanbul ranked first among the best-selling states for residential units to foreigners with sales of 1549 units, followed by Antalya with 656 units, followed by Bursa with 228 units, Ankara with 213 units, and Yalova with 169 Residential units.

Iraqis keep the lead

In the raking of foreign purchases of residential units in Turkey according to their nationalities, Iraqis ranked first with purchases of 675 units, followed by the Iranians through the purchase of 469 units, followed by Russians by 212 units, then Kuwaitis with 159 units and the Germans with 149 housing units.

Sources: Emlak Kulasi + Emlak News

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