Turkey’s Housing Market Hits New High: Sales up 6.9% with Over 150,000 Units Sold in September

Turkey’s real estate sector recorded its strongest month of the year in September 2025, with 150,657 residential properties sold nationwide, according to data released by the Turkish Statistical Institute (TurkStat). This marks a 6.9% increase year-on-year, highlighting continued resilience in the housing market despite persistent inflation and high borrowing costs.

The figure also represents the highest monthly sales volume of 2025, surpassing the previous record of 143,219 units in August.

Top Provinces by Sales

• Istanbul led the market once again with 24,119 transactions

• Ankara followed with 13,417 sales

• Izmir ranked third with 8,544 units sold

January–September Performance

In the first nine months of 2025, total housing sales reached 1.12 million units, reflecting a 19.2% increase compared to the same period last year.

Mortgage and Property Type Breakdown

• Mortgaged sales rose by 34.4% year-on-year, reaching 21,266 units in September.

• First-time sales accounted for 47,117 properties, representing 31.3% of all transactions.

• Second-hand properties dominated the market with 103,540 units sold, up 7.8% annually and holding a 68.7% market share.

Foreign Buyer Activity Declines

Sales to foreign nationals fell by 7.7% compared to September 2024, totaling 1,867 units, which made up 1.2% of all housing transactions.

The top provinces preferred by foreign buyers were:

• Istanbul — 744 sales

• Antalya — 557 sales

• Mersin — 124 sales

From January to September, property purchases by foreigners dropped 12.6% year-on-year to 14,944 units.

Leading Nationalities Among Foreign Buyers

• Russia — 267 transactions

• Iran — 202 transactions

• Iraq — 146 transactions