Fresh author's report
Read the full version of the author's report from Astons
Monthly trend: “Seasonality” shifts to steady growth
According to data from the Turkish Statistical Institute (TÜİK), 140,919 properties were sold across the country in one month. This represents a 5% increase compared to August and a significant 37,3% rise compared to September 2023. It’s also the highest figure since December 2022. ...
August 2024
Trend of the month: Istanbul leads in all categories
According to the Turkish Statistical Institute (TÜIK), 134,155 properties were sold across the country last month, marking a 5.6% increase compared to July and a 9.9% rise compared to August 2023. Over the past year, housing prices have risen by 29.68% across Turkiye, with the average property ...
July 2024
This month’s highlight: rising average deal prices among foreign buyers
The Turkish Statistical Institute (TÜIK) reported that 127,088 properties were sold in Turkiye in July. This figure represents a 60.23% increase compared to June 2024 and a 16% rise compared to July 2023. The surge in sales is mainly attributed to strong domestic demand. These figures mark the ...
June 2024
June trend: price stabilization and resort properties
According to TÜIK (Turkish Statistical Institute), 79,313 properties were sold in Turkiye in June. Foreign investors accounted for 1.8% of the total transactions, or 1,440 sales. Istanbul led the country in overall sales, while Antalya province remained the top choice for foreign buyers. Recent ...
May 2024
May trend: highest sales growth since the beginning of the year
According to the Turkish Statistical Institute (TÜIK), 110,588 properties were sold in May. Compared to April 2024, the number of real estate transactions in May increased by 46%. Foreign investors accounted for 1.9% of these transactions. Istanbul remains the leader in real estate sales, with ...
April 2024
Two trends: resort and premium real estate
Data from the Turkish Statistical Institute (TÜIK) indicates that 75,569 properties were sold in April. Foreign investors made up 1.7% of the transactions, with approximately 15% of these under the real estate investment citizenship program. The province with the highest number of property ...
March 2024
Fewer transactions, higher contract values
According to the Turkish Statistical Institute TÜIK, 105,394 real estate properties were sold in the country in a month. Compared to the previous month, the number of property transactions increased by 12.24%. In March, the market once again showed growth due to increased domestic demand. The ...
February 2024
Market begins to grow
According to the Turkish Statistical Institute TÜIK, 93 902 real estate properties were sold in the country last month. This marks a significant growth in the market for the first time in the past year. Compared to February of the previous year, the overall sales level increased by 17.3%. ...
January 2024
REI Türkiye 2023 – the ‘roller coaster’ of the economy
Various factors influenced the state of the real estate market and investment climate in Türkiye in 2023, making it a rich yet challenging year. On one hand, economic and currency depreciation, an escalating inflation, a record budget deficit, earthquakes, presidential elections, new laws in ...
November 2023
Real Estate sales statistics in Turkiye for November 2023
According to the Turkish Statistical Institute, TÜIK, 93,514 real estate properties were sold in November 2023. This represents a slight drop compared to the previous month – October 2023 = 93,761 properties sold. Compared to November of the previous year, the overall sales volume ...