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 now costing 3.5 million TL ($101,500) and an average size of 130 square meters. Despite no drop in the key interest rate, mortgage sales have also increased for the second consecutive month, following a strong market growth in July.