25 June 2025

In Depth Analysis On Real Estate Sales Of Türkiye In May 2025

May 2025 saw an increase in property sales for Türkiye’s real estate sector. If you’ve been watching the housing market wondering whether property trends are increasing, the answer is a firm yes. Not only did the numbers climb across the board, but there’s a very real sense that the Real Estate Sales Of Türkiye is stepping into a new phase of momentum. Whether you’re an investor, a homeowner, or just someone who loves following economic trends, there’s a lot to unpack here. So, let’s dive into it—really dig into what’s going on behind the numbers and what they mean.

130,025 Homes Sold In May

Here’s the headline number: 130,025 houses were sold across Türkiye in May 2025. That’s a 17.6% increase compared to May of last year. Not just a tiny bump—this is a solid leap forward.

So, where are all these houses flying off the market? Unsurprisingly, the big cities continue to lead the way:

İstanbul: 22,103 sales
Ankara: 11,975 sales
İzmir: 7,817 sales

And on the other end of the spectrum?

Ardahan: Just 48 houses sold
Bayburt: 67 houses
Gümüşhane: 91 houses

It’s fascinating, isn’t it? The contrast between the hustle of the metropolises and the quieter pace of the smaller provinces is stark—and telling.

Looking at Previous Quarter January–May 2025

When you zoom out a bit, the picture looks even brighter. From January to May, Türkiye saw a total of 584,170 houses sold, which is up by a remarkable 25.4% compared to the same period in 2024.

Let that sink in for a second. That’s not just growth—that’s a market moving with purpose.

Breaking Down the Types of Sales

This is where it gets really interesting. There are different kinds of house sales, and each is showing its own unique trend.

Mortgaged Sales — The Quiet Comeback Story

Mortgaged sales skyrocketed.

In May alone: 19,412 mortgaged houses were sold (that’s a 95.9% jump from May 2024)
January–May: 88,606 homes, up 98.7% year-over-year

To put it plainly, people are borrowing again. That tells us something crucial—confidence is returning to the economy, and financial institutions are opening the taps.

Also worth noting:

Of those mortgaged sales in May, 4,674 were first-time sales
From January to May, 21,062 mortgaged homes were first sales

It’s a sign that more people are stepping into homeownership, not just trading properties. And that matters.

Other House Sales — Still Dominating

While mortgages are back in the spotlight, “other” sales still make up the lion’s share.

May: 110,613 houses, up 9.9%
Jan–May: 495,564 houses, up 17.7%

That’s 85.1% of all house sales in May. So while financing is back, most buyers are still closing deals without a mortgage.

First-Time vs. Second-Hand Sales

There’s always a buzz about whether new builds or second-hand homes are more in demand. Right now? The second-hand market is absolutely booming.

First Sales

May: 39,546 (up 11.2%)
Jan–May: 174,055 (up 17.7%)
That’s about 30.4% of May’s total sales

Second-Hand Sales

May: 90,479 (up 20.6%)
Jan–May: 410,115 (up 29.0%)
Roughly 70% of homes sold in May were resales

It’s like people are rediscovering the value of pre-owned homes—or perhaps developers are still catching up with demand. Either way, the second-hand market is carrying a lot of weight right now.

What About Foreign Buyers?

Real Estate Sales Of Türkiye Now this part is a bit of a twist.

While the local market is heating up, house sales to foreigners actually dropped.

May 2025: 1,771 homes sold to foreigners (down 14.2% from last year)
Jan–May: 7,789 homes sold to foreigners (down 13.7%)

Still, foreign interest hasn’t disappeared. It’s just cooled off slightly—possibly due to global factors, shifting currencies, or new regulations.

Where Are They Buying?

These three cities continue to attract the lion’s share of international attention:

İstanbul: 648 houses
Antalya: 594 houses
Mersin: 145 houses

You’ve got the urban buzz of İstanbul, the Mediterranean charm of Antalya, and the rising popularity of Mersin. These places are still on the radar for global buyers, even if numbers have dipped a bit.

Who’s Buying?

It’s a familiar mix—but the rankings are telling:

Russia: 274 sales
Iran: 133 sales
Germany: 127 sales

So while fewer foreign buyers are entering the market overall, Russians remain strong players. That speaks to deep-rooted demand, particularly in southern coastal areas.

What This All Tells Us

Here’s the thing—this isn’t just about numbers on a chart. It’s about momentum, sentiment, and a market that feels like it’s breathing again.

Domestic demand is strong and rising fast
Mortgaged sales doubling means buyer confidence is back
First-time buyers are active, which is always a good economic indicator
Second-hand homes are dominating, suggesting affordability and availability are driving decisions

Even with the dip in foreign interest, the overall outlook is optimistic. It feels like Türkiye’s real estate market is not just recovering—it’s shifting into a higher gear.

So, whether you’re planning to buy, sell, or just keeping an eye on market trends, May 2025 is a month to pay attention to. It’s a clear signal that the property market in Türkiye isn’t just surviving—it’s starting to thrive again.

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