Almost 300 thousand apartments sold in Turkey in July 2020

Almost 300 thousand apartments sold in Turkey in July 2020

The statistics of home sales in Turkey in July 2020 have been published: 229,357 properties were sold throughout the country. Thus, July sales rose 124.3 percent compared to last year's July figures.

Which cities have the highest number of property sales?

Istanbul was the most popular destination among buyers of apartments in Turkey in July, where 39,432 objects were sold (17.2 percent of total sales). Ankara was the second in the July top list - 26,885 objects were purchased in the capital (11.7 percent of the total number of sales). Izmir took the third place with 15,614 objects or 6.8 percent of the total number of sales.

What were the least popular destinations for property buyers?

The smallest number of July sales was recorded in Hakkari (19 objects), Ardahan (30 objects) and Shirnak (74 objects).

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How many apartments and houses were mortgaged?

In July 2020, the mortgage boom continued in Turkey, home mortgage sales grew by a record 900.6 percent in the country compared to July last year. In total, 130,721 objects were sold within a month, so that the share of mortgage transactions in the total volume of July sales was more than a half - 57 percent. The July mortgage sales leader is again Istanbul with 24,000 objects (18.4 percent). The smallest number of mortgage transactions was recorded in Hakkari (7 objects).

How many homes were sold in July directly without a mortgage?

Direct sales of houses and apartments in Turkey in July 2020 increased by 10.6 percent compared to July last year and amounted to 98,636 objects. Istanbul also became the leader in direct sales (15.6 percent of the total number of direct sales or 15,432 objects). Direct home sales accounted for 39.1 percent of total July sales in Istanbul. Ankara took the second place in July (8,961 objects). Izmir took the third place (5,837 objects). The smallest number of direct transactions in July was recorded in Hakkari (12 objects).

How many new apartments were sold in July?


The number of new homes sold throughout Turkey in July 2020 increased by 74.5 percent compared to last year and amounted to 67,937 properties. In the total volume of July sales, the share of new apartments is 29.6 percent. The largest number of new homes was sold in Istanbul (10,429 properties or 15.4 percent of the total July sales). Ankara is again in the second place (6,355 objects), in the third - Izmir (4,524 objects).

How many resale properties were sold in July?

In July 2020, 161,420 secondary properties were sold throughout Turkey, which is 155 percent more than in July 2019. Istanbul became the leader in secondary housing sales (29,003 objects or 18 percent of the total number of secondary housing sales). The share of Istanbul secondary sales in the total July sales in the country amounted to 73.6 percent. The second place in terms of sales of secondary housing in July was taken by the capital (20,530 objects), the third place - Izmir (11,090 objects).

How did property sales in Turkey grow from January to July 2020?

From January to July 2020, 854,126 housing units were sold in Turkey, which is 40.5 percent more than in the first 7 months of last year. Mortgage sales showed a significant growth (+313.9 percent or 397,095 objects), direct sales decreased by 10.8 percent - to 457,031 objects in the first seven months of 2020. Sales of new apartments increased by 8.4 percent (265,709 objects), sales of secondary housing increased by 62.1 percent (588,417 objects).

How many apartments have foreigners bought in Turkey in 2020?

Home sales to foreigners in July decreased by 34.6 percent compared to the same period last year and amounted to 2,741 objects. Istanbul became the leader in sales (1,046 properties), followed by Antalya province (615 properties) and Ankara (230 properties). The fourth and fifth places were taken by Mersin (101 objects) and Yalova (88 objects). In seven months of 2020, 17,300 properties were sold to foreigners in Turkey (29.6 percent less than in the same period last year).

Iranians are top July property buyers in Turkey

The largest number of Turkish apartments and houses in July were sold to investors from Iran (540 objects). They are followed by buyers from Iraq (388 objects), Russians (154 objects), nationals of Afghanistan (149 objects), nationals of Germany (14 objects).


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