Türkiye home sales fall 2.1% in March to 113,367 units
A total of 113,367 houses were sold in Türkiye in March, down 2.1% from a year earlier, TurkStat data showed Friday. Istanbul led with 21,665 sales, while mortgage-backed sales jumped 35.9% and foreign purchases declined 20%.
A total of 113,367 houses were sold in Türkiye in March, down 2.1% from a year earlier, according to the Turkish Statistical Institute (TurkStat) on Friday. The figure compares with 115,788 housing sales recorded in March 2025. Istanbul led the market with 21,665 sales, followed by Ankara with 10,236 and Izmir with 7,278.
New vs. second-hand
New home sales rose 1.3% year-on-year to 35,725 units, while second-hand sales fell 3.6% to 77,642 units. Mortgage-backed sales jumped 35.9% to 25,978 homes, accounting for 22.9% of total transactions, reflecting increased borrowing activity.
Foreign sales
Sales to foreign buyers declined 20% to 1,353 units, with Russians, Iranians and Germans among the top purchasers. The decline in foreign sales may be linked to regional instability following the Middle East conflict.
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Quarterly figures
In the first three months of the year, total house sales stood at 349,396 units, down 0.3% year-on-year. The housing market remains resilient despite economic pressures and regional tensions.
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