House sales in Türkiye reach 1.7 million in 2025, up 14.3% year-on-year

Türkiye’s housing market recorded strong growth in 2025, with total house sales reaching approximately 1.7 million units, a 14.3% increase compared to the previous year, according to data released by the Turkish Statistical Institute (TurkStat) on Tuesday. Istanbul led the country with 280,262 units sold, followed by Ankara with 152,534 and Izmir with 96,998.

Mortgage Sales Surge Amid Market Expansion

Sales financed through mortgage loans saw a notable rise, jumping 49.3% year-on-year to 236,668 units. Of the total homes sold, 540,786 were newly constructed properties, while 1.15 million were second-hand homes. The data reflects sustained demand in the residential real estate sector, supported by financing incentives and population growth in major urban centers.

Foreign Buyer Trends

Purchases by foreign nationals reached 21,535 units in 2025, representing a 9.4% decline compared to 2024. Russian citizens remained the top foreign buyers with 3,649 homes, followed by Iranians with 1,878 and Ukrainians with 1,541. The slight downturn in foreign demand may reflect currency volatility and changing regional economic conditions.

Strong December Performance

In December alone, nationwide house sales totaled 254,777, marking a 19.8% increase from the same month in 2024. The year-end surge contributed to the overall annual growth and indicates continued momentum in the housing market as Türkiye navigates economic adjustments and monetary policy shifts.

Economic Context and Outlook

The robust housing figures point to resilient domestic demand and the ongoing appeal of real estate as an asset class amid inflation and currency fluctuations. The growth in mortgage-backed purchases suggests improved access to housing credit, which may support further market stability. However, rising construction costs and affordability concerns in major cities remain key challenges for sustainable market expansion.