In the first nine months of 2022, due to the high demand for housing in the first half of the year, the total volume of transactions across the country overcame the «bar» of 1 million. The volatility of the exchange rate and the search for options for the safest investments of their funds had a positive impact on sales in the first six months: for three quarters, home sales increased by 11.4% to 1,057,193 lots sold.
However, a total of 113,402 residences were sold in September, which is 22.9% less than in the same month last year. In addition, this is the worst September figure in the last six years. Buyers are «hindered» by rising prices, high rates on housing loans, as well as hopes for participation in social programs that allow them to get preferential housing.
Recall that among the citizens of other states, Russians continue to lead in terms of the volume of real estate purchased in Turkey. Although mandatory payments are growing, and in 2023 we should expect an increase in housing tax; as well as commissions to the realtor for his services.