"Remarkable figures in housing sales despite high interest rates."

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Housing sales in Turkey increased by 20.6% in 2024 compared to the previous year, reaching 1 million 478 thousand 25.

The Turkish Statistical Institute (TÜİK) shared the Housing Sales Statistics for December 2024.

Accordingly, housing sales in Turkey increased by 20.6% in 2024 compared to the previous year, reaching 1 million 478 thousand 25. The provinces with the highest number of housing sales were Istanbul with 239 thousand 213, Ankara with 134 thousand 46, and Izmir with 80 thousand 398, while the provinces with the lowest sales were Ardahan with 755, Hakkari with 958, and Bayburt with 999.

212 THOUSAND 637 HOUSES SOLD IN DECEMBER ACROSS TURKEY

Housing sales in Turkey increased by 53.4% in December compared to the same month of the previous year, reaching 212 thousand 637.

MORTGAGED HOUSING SALES REACHED 23 THOUSAND 277

Mortgaged housing sales in Turkey increased by 285.3% in December compared to the same month of the previous year, reaching 23 thousand 277. The mortgaged housing sales in 2024 decreased by 10.8% compared to the previous year, totaling 158 thousand 486. The share of mortgaged sales in total housing sales was 10.9% in December and 10.7% in 2024. In December, 5 thousand 980; in 2024, 38 thousand 62 mortgaged housing sales occurred as first-hand sales.

189 THOUSAND 360 HOUSES CHANGED HANDS THROUGH OTHER SALES TYPES

Other housing sales in Turkey increased by 42.9% in December compared to the same month of the previous year, reaching 189 thousand 360. Other housing sales in 2024 increased by 25.9% compared to the previous year, totaling 1 million 319 thousand 539.

FIRST-HAND HOUSING SALES REACHED 76 THOUSAND 629

The number of first-hand housing sales in Turkey increased by 49.5% in December compared to the same month of the previous year, reaching 76 thousand 629. First-hand housing sales in 2024 increased by 27.6% compared to the previous year, totaling 484 thousand 461. The share of first-hand housing sales in total housing sales was 36.0% in December and 32.8% in 2024.

136 THOUSAND 8 HOUSES CHANGED HANDS IN SECOND-HAND SALES

The number of second-hand housing sales in Turkey increased by 55.7% in December compared to the same month of the previous year, reaching 136 thousand 8. Second-hand housing sales in 2024 increased by 17.4% compared to the previous year, totaling 993 thousand 564.

23 THOUSAND 781 HOUSES SOLD TO FOREIGNERS IN 2024

Housing sales to foreigners decreased by 32.1% in 2024 compared to the previous year, reaching 23 thousand 781. The share of housing sales to foreigners in total housing sales in 2024 was 1.6%. The provinces with the highest number of housing sales to foreigners in 2024 were Istanbul with 8 thousand 416, Antalya with 8 thousand 223, and Mersin with 2 thousand 112.

2 THOUSAND 418 HOUSES SOLD TO FOREIGNERS IN DECEMBER

Housing sales to foreigners increased by 17.2% in December compared to the same month of the previous year, reaching 2 thousand 418. The share of housing sales to foreigners in total housing sales in December was 1.1%.

RUSSIANS ARE THE TOP BUYERS AMONG FOREIGNERS

In 2024, the highest number of housing sales by nationality was to citizens of the Russian Federation with 4 thousand 867, followed by Iran with 2 thousand 166, and Ukraine with 1 thousand 631. In December, the sales were 438 to the Russian Federation, 239 to Iran, and 181 to Ukraine.