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Turkey House Sales Statistics in 2021

Posted on 16 March 2022
Updated On: 4 May 2022

Near future indicators shows us that demand for rental options keeps rising while supply is stagnated. Local and foreign investors consider owning a property in is Istanbul quite a profitable instrument.  Month by month, demand in the real estate market rises.

In 2021, 1.491.856 homes will be sold in Turkey.

The statistics for real estate sales in 2021 have been released. In 2021, the number of residential sales was 1.491.856. There was a 0.5% reduction in sales compared to 2020. Istanbul led the way with 276.223 sales and an 18.5% market share. Ankara came in second with 144.104 sales and a 9.7 percent market share. Izmir came in second, with 86.722 sales and a 5.8 percent market share. The regions with the lowest sales rates were Hakkari (267 sales), Ardahan (377 sales), and Bayburt (871 sales).

Turkey Number of Sales AnnuallyThe number of mortgaged home sales was 294.530.

Mortgaged home sales fell by 48.6 percent between January and December of this year, totaling 294.530, compared to the same period in 2020. In 2021, the percentage of mortgaged sales in whole property transactions was 19.7 percent.

 

Other sorts of sales resulted in the sale of 1.197.326 properties.

Other housing sales in the January-December timeframe grew by 29.3 percent compared with the same period in 2020, with a total of 1.197.326. Other sales accounted for 80.3 percent of all house sales in 2021.

In 2021, there were 461.523 first-time home sales.

The number of first-hand house sales in the January-December timeframe declined by 1.7 percent compared to the same period in 2020, with 461.523 transactions. Furthermore, in 2021, the percentage of first-time home sales in overall housing sales was 30.9 percent.

1.030.333 second-hand property sales.

Second-hand house sales in the January-December interval declined by 0.1 percent compared to the same period in 2020, with a total of 1.030.333. Furthermore, in 2021, the percentage of second-hand purchases in total property sales was 69.1 percent.

In Turkey, 58.576 properties were sold to foreigners in 2021.

The number of residences sold to foreigners climbed by 43.5 percent in 2021 compared to 2020, reaching 58.576. In 2021, the percentage of total housing sales to foreigners was 3.9 percent. With a total of 26.469 properties sold to foreigners, Istanbul was the market leader. Antalya accompanied Istanbul with 12.384 sales and Ankara followed the others with 3.672 sales.

Turkey Foreigner House Buyers Statistics 2013-2021Considering the nationalities, most of the house sales in 2021 were made to Iran citizens

In 2021, Iran citizens bought 10.056 houses from Turkey. Iraq citizens followed Iran with 8.661 house sales and Russian Federation citizens followed Iraq with 5.379 house sales.

In 2021, women bought 506.495 houses and men bought 819.730 houses

In 2021, women bought 506.495 houses with a share of 34.0%, men bought 819.730 houses with a share of 54.9%, and 28.900 houses were bought jointly by women and men with a share of 1.9% across Turkey.

In Istanbul, which is the city with the highest share in the total housing sales across Turkey in 2021; women bought 83.226 houses, men bought 142.120 houses, and women and men jointly bought 6.962 houses.

 

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