Istanbul – leader in volumes of real estate sales in Turkey

Sales of residential facilities in Turkey in April of this year amounted to 85,652 units. Such data are given on Tuesday by the Institute of Statistics of Turkey (Türkiye ̇statistik Kurumu).

According to the Institute, the sales of residential facilities as a whole in January -April 2023 decreased by 18.6 percent compared to the same period of the previous year – up to 368 867 units.

Istanbul went to the lead in the volume of real estate sales in Turkey. So, in April of this year, 13,944 housing units or 16.3 percent were sold in the Turkish metropolis.

The following is followed by Ankara – 10 thousand units of residential facilities or 11.7 percent and Izmir – 4,960 units or 5.8 percent.

The smallest sales of residential facilities was recorded in the provinces of Ardakhan and Hakkari – 22 units each and baiburt – 53 units.

Sales of mortgage housing in Turkey in April of this year decreased by 32 percent compared to the same month of the previous year – up to 21,769 units. The share of mortgage sales in the total sales of housing amounted to 25.4 percent.

Mortgage sales volumes in January – April of this year decreased by 19.7 percent compared to the same period of the previous year – up to 80,591 units.

At the same time, Russian citizens are leading by the number of real estate acquired by foreigners in April in Turkey. The Russians bought 817 real estate in Turkey this month.

Further, Iran citizens – 377, Ukraine – 136 and Iraq – 124.