Turkish Real Estate Market Update January'24
Dear Followers,
We're thrilled to bring you the latest insights from the Turkish Statistical Institute (TUIK) for the real estate market of January 2024.
These insights are valuable for those involved in real estate investment and consultancy. Results offer a wealth of opportunities for investors looking to enter the Turkish property market and for real estate professionals seeking to provide informed advice to clients.
Let's see the key points from Turkey's House Sales Statistics for January 2024.
Total House Sales:
In Türkiye, house sales decreased by 17.8% in January compared to the same month of the previous year and became 80 thousand 308. ?stanbul had the highest share with 16.7% and 13 thousand 423 house sales. The followers of ?stanbul were Ankara with 6 thousand 709 house sales and Antalya with 5 thousand 250 house sales with the share of 8.4% and 6.5% respectively.
House Sales By Type:
In Türkiye, mortgaged house sales decreased by 63.5% in January compared to the same month of the previous year and became 5 thousand 915.?other house sales decreased by 8.7% in January compared to the same month of the previous year and became 74 thousand 393.
House Sales to Foreigners:
House sales to foreigners decreased by 50.5% in January compared to the same month of the previous year and became 2 thousand 61. House sales to foreigners had 2.6% share of all house sales in January. Antalya ranked first with 747 sales to foreigners. The followers of Antalya were ?stanbul with 710 house sales and Mersin with 211 house sales to foreigners.
House Sales by Nationalities
In January, Russia citizens bought 555 houses from Türkiye. The followers of Russia citizens were Iran citizens with 208 house sales, Ukraine citizens with 127 house sales, Iraq and Kazakhstan citizens with 99 house sales.
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