Summary of Turkey 2022 in Numbers

Summary of Turkey 2022 in Numbers

With the beginning of a new year, we present to you a quick summary of the real estate market in Turkey in 2022

31st January 2023

A year has passed and a new year has begun, and the real estate market in Turkey is still a catalyst for foreign investment, and its future is becoming more and more clear with the passage of years...

Here is a quick summary of real estate sales in the past year and some important statistical data for anyone interested in real estate investment in Turkey

 

Housing Sales Statistics, December 2022
207 thousand 963 houses were sold in Turkey in December
 
Housing sales across Turkey decreased by 8.2% in December compared to the same month of the previous year and became 207 thousand 963. Istanbul had the highest share in house sales with 36,744 house sales and 17.7%. According to the number of sales, Istanbul was followed by Ankara with 16 thousand 365 house sales and 7.9% share, and Antalya with 11 thousand 168 house sales and 5.4% share. The province with the lowest house sales was Ardahan with 58 houses.
Housing sales, December 2022
Number of first-hand housing sales was 77 thousand 889 Number of

first-hand housing sales in Turkey increased by 1.5% in December compared to the same month of the previous year and became 77 thousand 889. First hand house sales decreased by 0.3% in 2022 compared to the same period of the previous year and amounted to 460 thousand 79. The share of first hand sales in total housing sales was 37.5% in December and 31.0% in 2022.

130 thousand 74 houses changed hands in second-hand house sales
 
Second hand house sales in Turkey decreased by 13.1% in December compared to the same month of the previous year and became 130 thousand 74. Second hand house sales decreased by 0.5% in 2022 compared to the same period of the previous year and amounted to 1 million 25 thousand 543. The share of second-hand sales in total house sales was 62.5% in December and 69.0% in 2022.
 
67 thousand 490 houses were sold to foreigners in 2022
 
Housing sales to foreigners increased by 15.2% in 2022 compared to the previous year and reached 67 thousand 490. In 2022, the share of house sales to foreigners in total house sales was 4.5%. In 2022, Istanbul took the first place in house sales to foreigners with 24,953 house sales. Antalya was followed by Antalya with 21,860 sales, and Mersin with 4,316 sales, respectively.

Housing sales to foreigners, 2013-2022
6 thousand 386 houses were sold to foreigners in December
 
Housing sales to foreigners decreased by 18.6% in December 2022 compared to the same month of the previous year and became 6 thousand 386. In December, the share of house sales to foreigners in total house sales was 3.1%. In December, Antalya took the first place in housing sales to foreigners with the sale of 2,465 houses. Antalya was followed by Istanbul with 1,968 sales, and Mersin with 663 sales, respectively.

Housing sales to foreigners, December 2022
According to nationalities, the most housing sales were made to

Russian Federation citizens in 2022. Russian Federation citizens bought 16,312 houses from Turkey in 2022. Iranian citizens followed the Russian Federation with 8 thousand 223 residences and Iraqi citizens with 6 thousand 241 residences.

In December, citizens of the Russian Federation bought 2 thousand 403 houses from Turkey. Citizens of the Russian Federation were followed by Iran with 675 residences and Iraqi citizens with 345 residences, respectively.

Housing sales by nationality, top 20 countries, 2022 Housing sales by nationalities, top 20 countries, December 2022
 

Edited By Aldar Real Estate ©

Source: Tuik