The Turkish Statistical Institute (TurkStat) announced on Thursday that 150,657 houses were sold across Türkiye in September 2025, marking a 6.9% increase compared to the same month last year.

According to TurkStat’s housing statistics report, İstanbul continued to lead the housing market with 24,119 sales, followed by Ankara with 13,417 and İzmir with 8,544. The provinces recording the fewest sales were Ardahan (70), Bayburt (117), and Tunceli (142).

Between January and September, total housing sales in Türkiye rose 19.2% year-on-year, reaching 1,128,727 units. Analysts note that rising demand and easing mortgage conditions contributed to the sustained momentum in both primary and secondary housing markets.

Mortgaged house sales surged 34.4% in September compared to the same month of the previous year, totaling 21,266 units. These accounted for 14.1% of all home sales nationwide.

During the January–September period, mortgaged house sales jumped 76.0% year-on-year, totaling 162,493 units, with 38,571 of these being first-time sales.

In September alone, 4,978 of the mortgaged sales were new homes. Economists say the strong increase reflects renewed confidence in the housing credit market following interest rate adjustments earlier in the year.

“Other” (non-mortgaged) house sales made up the majority of transactions, with 129,391 units sold in September — an increase of 3.4% year-on-year and representing 85.9% of all home sales.

In the first nine months of 2025, other house sales rose 13.0%, reaching 966,234 units, underscoring the continued strength of cash and alternative financing in Türkiye’s real estate sector.

First-time house sales increased 5.0% in September, totaling 47,117 units, and making up 31.3% of all housing transactions.

From January to September, new home sales climbed 13.9%, reaching 342,641 units, indicating steady demand in the primary housing market despite overall economic pressures.

Second-hand home sales rose 7.8% year-on-year in September to 103,540 units, accounting for 68.7% of all sales.

In the first nine months of 2025, second-hand sales reached 786,086, up 21.6% compared to the same period last year, as existing homeowners continued to capitalize on high market liquidity and sustained buyer demand.

Housing sales to foreigners fell 7.7% in September compared to the previous year, totaling 1,867 units, or 1.2% of total sales.

The provinces attracting the most foreign buyers were İstanbul (744), Antalya (557), and Mersin (124).

From January through September, foreign property purchases in Türkiye dropped 12.6% year-on-year, with 14,944 units sold.

According to nationality data, Russian citizens remained the top foreign buyers in September with 267 units purchased, followed by Iranians (202) and Iraqis (146).

Experts note that while domestic demand continues to strengthen, particularly in major metropolitan areas, foreign investment in Türkiye’s real estate sector has moderated compared to previous years, partly due to changing visa policies, rising property prices, and global economic uncertainty.

Nonetheless, the steady rise in overall sales suggests continued resilience in Türkiye’s housing market — supported by population growth, urban renewal projects, and expanding credit access for homebuyers. (ILKHA)