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Leading cities and last-named cities According to Turkish data experts, in September 2022, 113,402 residential real estate units were sold in the country. Istanbul leads in transactions with 19,089 housing units and a share of 16.8% of the total units. Istanbul is followed by Ankara with 8812 homes sold which has a 7.8% share, and Izmir with 6338...
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Endeksa, a predictive real estate data analytics, and insights platform shared its “predictions” regarding the dynamics of the value of residential real estate towards the end of 2022. Endeksa regularly evaluates the state of the housing market in Turkey and expresses the most likely future predictions. The experts examined the first half of the...
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Even though August is neither the conclusion of the quarter nor the end of the summer season, real estate market experts still compile mid-term results in September, and it’s precisely based on August statistics that they’re able to “speak” about the year’s performance. People who are interested in the Turkish housing market can also clearly...
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The province of Antalya consistently ranks among the favorite cities of foreign investors interested in purchasing a home in Turkey. In 2022, it even outperformed Istanbul, the recognized “winner”, in some indicators of real estate sales to foreigners. Antalya is flooded with Russians and Ukrainians and is the leader in terms of rental growth -...
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Leader and anti-leader cities According to recently published official data, 123,491 residential units were sold in the Republic of Turkey in August 2022. This is a 12.7% decrease compared to August 2021. Istanbul recorded the highest share of transactions in August (18,485 sales, or 15%). The biggest Turkish metropolis in terms of transactions...
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Despite the economical, political, and post-pandemic difficulties (maybe even partially because of them), the first six months of 2022 turned out to be very productive for the Turkish development sector. Increasing the purchase amount to $400,000, if you wish to obtain citizenship under the accelerated procedure has by no means tamed the passion...
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For some time, we undeservedly paid little attention to Turkish cities, focusing mainly on Istanbul. That was a mistake and this unfortunate omission needs to be corrected today. Let us briefly touch on metropolises. Istanbul, with almost 15 million people, if not more, takes first place in terms of size and population. The capital of the Republic...
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As reported by analysts, the number of residences sold across Turkey dropped by 38% in July 2022 compared to the previous month, and by 13% compared to the same period in 2021. However, “quantity” is not a reliable indicator of sales “quality”. First, due to the reorientation of foreign investors to the premium segment (the increase in the...
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Turkey has started to gain more attention with the complication of property ownership in Europe and visa issues for Russians. This country used to be one of the focal areas in terms of acquiring a home. Today, it has on the shortlist. Previously the country was associated with the “cheap real estate” concept but now the association is completely...
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93 902 real estate units were sold in Turkey during July 2022. Top cities and foreigners In July 2022, a total of 93,902 residential properties were sold. According to the statistics agency TÜİK, this was 12.9% less than in July 2021. Istanbul traditionally occupies 1st place with 14,350 sales and a share of 15.3% of the total transaction number...
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