According to the Turkish Statistical Institute (TÜİK), 165,138 real estate transactions were recorded in October 2024. This marks a 17% increase compared to September and a staggering 76,1% rise from October 2023. It also represents the longest sustained period of demand growth in two years, with sales climbing steadily since June 2024.
Compared to October 2023, housing prices in Turkiye have increased by 30,47%. The average property price nationwide is 3,67 million Turkish lira ($110,000), with the average property size being 131 square metres. Mortgage sales also continue to rise, with such transactions increasing by 278,2% in October compared to the same period last year.
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Author of the material
Julia Gaerli has over 9 years of experience in real estate and investment, as well as a deep understanding of Turkish culture and legislation. She specializes in real estate market analysis, identifying promising investment projects, and creating content that helps clients make informed decisions. Learn more about the author.
