Real estate sales in Turkey increased dramatically in September

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Real estate sales in Turkey increased dramatically in September

The Turkish Statistical Institute (TSI) published real estate sales statistics for September 2019.

Real estate sales in Turkey increased by 15.4% compared to the same month last year and amounted to 146 thousand 903 properties.

Istanbul ranked first in sales with 23 thousand 265 properties sold, and a 15.8% share of total property sales in Turkey.

According to statistics, Istanbul was followed by Ankara with 14 thousand 906 properties and a 10.1% share, and Izmir with 8,830 properties and a share of 6% of the total sales in Turkey.

The provinces with the lowest number of real estate sales were Hakkari and Ardahan with 19 houses and Şırnak with 75 houses.

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Second-hand real estate sales at the top

According to data announced by the Turkish Statistical Institute, sales of second-hand properties in September increased by 42.3% compared to the same month last year and amounted to 95 thousand and 510 properties.

 

In second-hand housing sales, Istanbul ranked first with 14 thousand 918 properties and a 15.6% share.

While the share of second-hand real estate sales in the total sales in Istanbul was 64.1%.

Ankara came second with 10 thousand 985 properties sold, followed by İzmir with 5 thousand 943 properties.

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Statistics about new real estate sales

It should be noted that the new real estate sales in Turkey decreased in the same months of last year.

The number of properties sold has fallen by 14.7% compared to the previous month for the first time since last year and amounted to 15,393 properties.

The share of new real estate sales in total real estate sales was 35%.

While new real estate sales in Istanbul were the largest with 8 thousand 347 properties sold and a share of 16.2%.

Istanbul was followed by Ankara with 3 thousand 921 properties and İzmir with 2,887 properties sold.

Also Read: Real Estate Sector Hopeful for More Than 1 Million Sales Target

Increased mortgage sales

Mortgaged sales increased by 410.2% compared to the same month last year and became 57 thousand 811.

The share of mortgaged sales in total real estate sales was 39.4%.

Istanbul ranked first in mortgaged sales with 8 thousand 719 properties and a 15.1% share.

The province with the highest share of mortgaged sales in total real estate sales was Artvin with 60.1%.

Edit By: Realty Group

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