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 highest growth rate observed in the market this year. Property prices are continuing their upward trajectory due to the rising costs of construction. TÜIK data shows that construction costs in July 2024 were 65.78% higher than in July 2023.