Residential real estate sales statistics in Turkey for October 2023

The Turkish Institute of Statistics (TUIK) has released residential sales statistics for October 2023. In October, 93.761 properties were sold in the country, down 8.7% compared to October 2022. In total, 993,835 properties have been sold since the beginning of the year, down 14.3% from the same period in 2022.

In terms of real estate sales in October, Istanbul led with 15.9% (14,941 units), followed by Ankara with 7.9% (7,394 units) and Izmir with 5.5% (5,192 units).

Foreigners bought 2,535 properties, accounting for 2.7% of the total number of sales. Among foreigners, the most apartments were purchased by Russians with 713 units, followed by Iranian citizens with 235 units, German citizens with 152 units and Ukrainian citizens with 138 units.

Foreigners preferred the real estate of Antalya - 931 objects, Istanbul - 758 objects and Mersin - 294 objects. In total, foreigners bought 30,599 properties in 2023, which is 44.4% less compared to the same figures of 2022.

Translated with www.DeepL.com/Translator (free version)