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Housing sales in Türkiye picked up in June, with foreign buyers returning to the market for the first annual increase in purchases since December, while mortgage-backed transactions continued to surge.
A total of 129,979 homes changed hands nationwide in June, up 15.8% from a year earlier. Despite the monthly rebound, sales for the first half of the year reached 699,516, down 3.1% compared with the same period of 2025.
Demand fueled by mortgages gathered pace during the month, with mortgage-backed home sales climbing 72.1% year over year to 25,993. Over the January-June period, mortgage-financed sales rose 32.2% to 142,794, while other home sales slipped 9.3% to 556,722.
Home purchases by foreign nationals increased 20.1% from a year earlier to 2,015 in June, the first year-over-year rise since last December.
Foreign buyers accounted for 1.6% of all home sales during the month, the highest share since July 2024. Russians remained the largest group of overseas buyers with 381 purchases, followed by Ukrainians and Iranians with 170 each.
Even so, foreign home sales in the first six months of the year totaled 9,083, down 9.2% from the same period a year earlier.
Commercial real estate transactions also moved higher in June, with 16,565 workplaces sold, an increase of 19.2% from a year earlier. For the first half of the year, however, workplace sales edged down 5.3% to 85,528.
Home prices continue to rise in nominal terms, but inflation keeps eroding real gains. Türkiye's Residential Property Price Index (RPPI) increased 2% month over month and 24.5% annually in June, though prices still posted a 5.8% real decline after adjusting for inflation.
Among the country's three largest cities, annual home price growth reached 25.3% in Istanbul, 25.5% in Ankara and 22.6% in Izmir. Monthly gains stood at 2.1%, 1% and 3.1%, respectively.
Rental growth also remained strong on paper, but real returns slipped into negative territory. The New Tenant Rent Index (NTRI) rose 2.3% from the previous month and 29.2% from a year earlier in nominal terms, while recording a 2.2% decline in real terms.
Monthly rent increases measured 2.5% in Istanbul, 2% in Ankara and 2.6% in Izmir. On an annual basis, rents climbed 33.4%, 30.7% and 28.4%, respectively.
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