Analyzing Turkish Real Estate Sales Statistics In January 2025
Analyzing Turkish Real Estate Sales Statistics In January 2025
The Turkish housing market in Sales Statistics In January 2025 reported record-breaking growth with a sale figure amounting to 112,173, a record high over the corresponding month in the previous year by a record high margin of 39.7%. The growing demand is a reflection on growing purchaser optimism.
The top three cities with highest house sale consisted of:
- Istanbul: 18,912 sales
- Ankara: 10,158 sales
- Izmir: 6,634 sales
Meanwhile, the worst performing cities in sale performance in homes were:
- Ardahan: 39 sales
- Bayburt: 62 sales
- Tunceli: 80 sales
This distribution is a commentary on the concentration of major cities in the Turkish housing market and low business in rural and smaller cities.
Breakdown of Housing Sales by Type
The overall sale growth in houses is a reflection of expansion in sale in mortgaged house and other house sale.
| Sales Type | January 2025 | January 2024 | Change (%) |
|---|---|---|---|
| Total Sales | 112,173 | 80,308 | 39.7 |
| Mortgage Sales | 16,726 | 5,915 | 182.8 |
| Other Sales | 95,447 | 74,393 | 28.3 |
Mortgaged House Sales
The most striking in January was mortgaged house selling, with a record year-over-year expansion of 182.8%, hitting a record level of 16,726. The expansion is a reflection of greater reliance on finance channels, presumably because of favorable level interest and improved access to mortgages. In these transactions, there were 3,856 first-hand transactions.
Other House Sales
Meanwhile, other home sales (transactions not financed with a mortgage went up by 28.3%, with a total sale of 95,447 houses. They captured a whopping market share of 85.1% and still comprised a majority in the total transactions.
First-Hand vs. Second-Hand Housing Sales
| Sales Status | January 2025 | January 2024 | Change (%) |
|---|---|---|---|
| First-Hand Sales | 32,785 | 25,263 | 29.8 |
| Second-Hand Sales | 79,388 | 55,045 | 44.2 |
- First-hand housing sales increased by 29.8%, with 32,785 new homes sold.
- Second-hand sales experienced an even greater jump of 44.2%, totaling 79,388 transactions.
- The share of first-hand sales in total transactions stood at 29.2%, whereas second-hand sales accounted for a dominant 70.8%.
This shows how housebuyers are increasingly disposed towards secondhand houses, perhaps due to availability and affordability in comparison with brand-new estates.
House Sales to Foreigners
Despite the overall pick-up in the Turkish housing market, cross-border purchases fell a record 24.9%, totaling 1,547 in January. The fall would signal a switch in global demand on the investors’ behalf, instigated either by global financial conditions or policies.
Top Cities for Foreign Purchases
- Istanbul: 611 sales
- Antalya: 469 sales
- Mersin: 118 sales
These cities remain the foreigners’ top preferences owing to their geographical benefits, business potential, and beach amenities.
Top Nationalities Investing in Turkish Real Estate
Foreign interest in Turkey’s housing market varied by nationality. The leading buyers were:
- Russian Federation: 248 sales
- Iran: 162 sales
- Iraq: 103 sales
This ranking shows there is still Russian and Middle Eastern investors’ demand but in fewer quantity than in recent times.
January 2025 witnessed a significant recovery and expansion in Turkey’s housing market. The key takeaways from this period include:
- Overall sales growth of 39.7%, driven by both mortgage and cash purchases.
- A massive increase in mortgaged sales (182.8%), signaling improved loan accessibility.
- A higher preference for second-hand homes, comprising 70.8% of total transactions.
- A notable decline in sales to foreign buyers (24.9%), indicating shifts in international demand.
As we move ahead in 2025, market onlookers are going to observe with curiosity and watch how changing financial conditions and policy shifts impact the Turkish real estate market.