Turkish Statistical Institute (TURKSTAT) has reported the latest housing sales statistics for October have been announced. It contains detailed information about real estate sales in Turkey. Let’s examine the sales to foreign nationals in Turkey.
102 thousand 660 houses were sold in Türkiye
In Türkiye, house sales decreased by 25.3% in October compared to the same month of the previous year and became 102 thousand 660. İstanbul had the highest share with 16.5% and 16 thousand 987 house sales. The followers of İstanbul were Ankara with 8 thousand 146 house sales and Antalya with 6 thousand 323 house sales with the share of 7.9% and 6.2% respectively. The provinces with the lowest number of sales were Hakkari with 30, Ardahan with 42 and Bayburt with 69 house sales.
House sales, October 2022
In January-October period, house sales increased by 6.7% compared to the same period of the previous year and became a million 159 thousand 853.
Mortgaged house sales became 13 thousand 268
In Türkiye, mortgaged house sales decreased by 52.7% in October compared to the same month of the previous year and became 13 thousand 268. Mortgaged house sales had 12.9% share of all house sales. In January-October period, mortgaged house sales increased by 15.2% compared to the same period of the previous year and became 241 thousand 869.
4 thousand 260 of mortgaged house sales in October and 65 thousand 37 of mortgaged house sales in January-October period were first hand sales.
In Türkiye, other house sales decreased by 18.3% in October compared to the same month of the previous year and became 89 thousand 392. Other house sales had 87.1% share of all house sales. In January-October period, other house sales increased by 4.7% compared to the same period of the previous year and became 917 thousand 984.
House sales by type, October 2022
In Türkiye, first time house sales decreased by 22.0% in October compared to the same month of the previous year and became 32 thousand 692. First time sales had 31.8% share of all house sales in Türkiye. In January-October period, first time house sales increased by 4.8% compared to the same period of the previous year and became 344 thousand 810.
Second hand house sales became 69 thousand 968
In Türkiye, second hand house sales decreased by 26.7% in October compared to the same month of the previous year and became 69 thousand 968. Second hand sales had 68.2% share of all house sales in Türkiye. In January-October period, second hand house sales increased by 7.6% compared to the same period of the previous year and became 815 thousand 43.
House sales by state, October 2022
House sales to foreigners decreased by 8.8% in October compared to the same month of the previous year and became 5 thousand 377. House sales to foreigners had 5.2% share of all house sales in October. Antalya ranked first with 2 thousand 123 sales to foreigners. The followers of Antalya were İstanbul with a thousand 658 house sales and Mersin with 490 house sales to foreigners.
House sales to foreigners, October 2022
In January-October period, house sales to foreigners increased by 26.9% compared to the same period of the previous year and became 55 thousand 21.
House sales were mostly made to Russia citizens according to nationalities
In October, Russia citizens bought 2 thousand 23 houses from Türkiye. The followers of Russia citizens were Iran citizens with 498 house sales, Iraq citizens with 310 house sales and Ukraine citizens with 216 house sales.
House sales by nationalities for top 20, October 2022
Resource: tuik.gov.tr
Homist Advisors provide valued advisory service for all types of real estate transactions in the Istanbul Finance Center. Contact HOMIST Advisors today for a free consultation! or Send message to our whatsapp
Book Your Appointment NOW!