Turkish Property Market April Sales Increase By Nearly 57%

Turkish Property Market April Sales Increase By Nearly 57%

 Turkey’s real estate sector offers profitable investment opportunities for its investors. Property Market April Sales 2025 constituted of increasing housing sales compared to previous year, marking a huge turning point for the housing market. Moreover, over 118,359 homes sold in a single month. That’s a 56.6% leap compared to April last year. It’s not just a bounce—it’s a full-blown comeback.

And it’s not a one-off moment. This surge has been building. From January to April, total home sales hit 454,145 units. That’s almost 100,000 more than the same period in 2024. A 27.9% boost, to be exact. So yes, momentum is very real—and growing.

İstanbul, Ankara, and İzmir Steal the Spotlight

Let’s talk about where the Property Market April Sales have been on rise. Turkey’s three powerhouse cities—İstanbul, Ankara, and İzmir—are leading this wave of activity. These places have always had that magnetic pull. Jobs, lifestyle, culture—it all comes together here.

• İstanbul took the crown with 18,645 homes sold. It’s the city that never sleeps, and apparently, never stops buying.

• Ankara, cool and steady, followed with 10,889 sales.

• İzmir, with its laid-back coastal charm, rounded out the top three with 7,014.

Meanwhile, if you zoom out to the quieter corners of the country—Ardahan, Tunceli, and Bayburt—you’ll find the smallest numbers. That’s not a flaw, just a reflection of slower-paced, more traditional markets.

Why İstanbul Keeps Dominating

Alright, so why does İstanbul keep coming out on top? It’s not just the size—it’s the whole package.

• Crossroads of the World: Seriously, where else do you get Europe and Asia in one city? That geography alone makes it a magnet for business, travel, and culture.

• Economic Engine: Think banks, startups, shipping, fashion—you name it. İstanbul fuels a major chunk of the national economy.

• Endless Demand for Rentals: With over 15 million people, plus students and tourists constantly flowing in, the rental scene is always buzzing.

• Global Feel, Local Price: Compared to cities like Paris or London, İstanbul is shockingly affordable. That sweet spot of value and potential is hard to resist.

• Constant Upgrades: Whether it’s the massive new airport or sleek new metro lines, the city’s infrastructure is getting better by the day—and property values rise with it.

Mortgages Are Back in a Big Way

Now here’s where things get really interesting. The mortgage market didn’t just warm up—it exploded.

In April, mortgaged home sales soared by 147.0% compared to last year. That’s 17,465 homes bought with a loan, up from just 7,071. It’s like the banks opened the gates, and buyers came rushing in. This kind of growth doesn’t happen without serious confidence from both sides—lenders and homeowners.

• Mortgages made up 14.8% of all April sales.

• From January to April, 69,194 homes were bought with a loan—nearly double last year’s number.

• Out of those, 4,245 were first-time home sales, which means new projects are also riding this wave.

Cash sales still make up the majority (about 85%), but you can’t ignore the raw energy that credit is bringing into the mix right now.

Second-Hand Homes Take the Lead

Let’s break down what kinds of homes are changing hands. Spoiler alert: it’s mostly existing homes.

🏠 Second-Hand Sales:

• 83,726 units sold in April

• That’s 70.7% of total sales

• Up 62.6% from last year

• Year-to-date: 319,636 units sold (+31.6%)

It’s a sign of a market with deep roots. People are buying and selling in a rhythm that suggests stability and maturity.

🧱 First-Hand Sales:

• 34,633 homes sold in April

• That’s 29.3% of all sales

• Up 43.8% compared to last year

• Year-to-date: 134,509 new homes sold (+19.7%)

So yes, new builds are holding their own. But it’s the resale market that’s really pumping blood through the system.

Foreign Buyers April Bump, But a Softer Year So Far

What about international interest? Well, April saw a little lift—but the year as a whole tells a more cautious story.

• In April: 1,440 homes sold to foreigners (+13.2% YoY)

• Top cities:

  • İstanbul: 529

  • Antalya: 497

  • Mersin: 117

• Top nationalities:

  • Russians: 276 homes

  • Iranians: 128

  • Ukrainians: 120

That said, from January to April, foreign purchases were actually down 13.5% year-over-year, with 6,018 homes sold.

There could be a few reasons—global economic jitters, new investment rules, or even just shifting preferences. Whatever the cause, international buyers are watching, but they haven’t jumped in with both feet just yet.