Türkiye House Sales Statistics, March 2023: A Comprehensive Overview

Overview of House Sales in Türkiye in March 2023

According to recent data of the House Sales Statistics, there were 105,476 house sales in Türkiye in March 2023, representing a 21.4% decrease compared to the same period in the previous year. İstanbul had the highest share of house sales with 17.2%, followed by Ankara with 11.4% and Antalya with 5.8%. The provinces with the lowest number of sales were Ardahan, Hakkari, and Bayburt.

Decline in House Sales in Türkiye in March 2023

The overall number of house sales in Türkiye decreased by 11.5% in the first quarter of 2023 compared to the same period in the previous year, with a total of 283,215 sales. Mortgaged house sales decreased by 16.5% in March, with 25,262 sales, while other house sales decreased by 22.8%, with 80,214 sales. In terms of house sales by type, first-time house sales decreased by 14.2%, with 32,899 sales, while second-hand house sales decreased by 24.3%, with 72,577 sales.

Analysis of House Sales by Type in Türkiye in March 2023

Looking at the breakdown of house sales by type, first-time house sales had a 31.2% share of all house sales, while second-hand house sales had a 68.8% share. Mortgaged house sales had a 24.0% share of all house sales, with 8,811 sales released as first-hand sales in March and 18,164 sales released in the first quarter of 2023.

House Sales to Foreigners in Türkiye in March 2023

House sales to foreigners decreased by 38.7% in March compared to the same period in the previous year, with a total of 3,415 sales, representing a 3.2% share of all house sales in March. Antalya had the highest number of sales to foreigners with 1,324 sales, followed by İstanbul with 1,090 sales and Mersin with 240 sales.

Nationalities That Bought Houses in Türkiye in March 2023

Among the nationalities that purchased houses in Türkiye in March 2023, Russian citizens had the highest number of purchases with 1,175 sales, followed by Iranian citizens with 472 sales, Iraq citizens with 165 sales, and Ukrainian citizens with 160 sales.

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In conclusion, the housing market in Türkiye experienced a decline in sales in March 2023, with a decrease in both first-time and second-hand sales. However, the market still presents opportunities for investors, especially in the mortgaged house sales category. Sales to foreigners also decreased, with the highest number of sales coming from Russian citizens. At Prestij Consulting, we are committed to helping our clients make informed decisions in the real estate market and achieve their goals. Contact us today to learn more.

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