14.03.2026 14:20
While housing sales in Turkey remain at high levels, there is a noticeable decline in new housing sales, which is one of the most closely monitored topics in the real estate sector. TÜİK data reveals that the share of "first-hand" homes in total sales has significantly decreased in recent years.
While housing sales in Turkey continue at a high level, the share of new homes in total sales has gradually declined over the years, reaching its lowest level at 30.44% in the first two months of 2026.
According to data released by TÜİK, approximately half of the homes sold in Turkey in 2017 consisted of new homes. That year, 718,104 new homes were sold, accounting for 48.10% of the total. In 2018, this rate remained at a similar level with 48.74%, and 715,589 new homes were sold. However, in the following years, the share of new home sales in total sales began to gradually decline.
NEW HOME SALES HIT BOTTOM
In 2019, the share dropped to 39.15% with 563,419 units, to 32.96% with 530,037 units in 2020, and to 32.77% with 527,473 units in 2021. In 2022, the share was 33.65% with 547,058 units sold, while in 2023, it was 33.27% with 442,484 units sold. In 2024, the share was 33.40% with 517,600 units, and in 2025, it was 32.43% with 570,812 units sold.
In the first two months of 2026, new home sales were recorded at 71,854 units. This figure corresponds to a share of 30.44% in total sales, indicating the lowest level in recent years.
POST-PANDEMIC COSTS BECAME DETERMINATIVE
Representatives of the real estate sector state that the rapid increase in construction costs, especially with the Covid-19 pandemic, has driven up the prices of new homes. Due to rising costs, new homes have become more expensive, directing consumers' preferences towards second-hand homes. During the same period, it is noted that high inflation has highlighted housing as an investment vehicle, leading to increased demand for more affordable second-hand homes.