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House sales in Türkiye climbed 6.9% year-on-year in September, reaching 150,657 units, according to data released Thursday by the Turkish Statistical Institute (TurkStat).
Thus, total house sales reached 1.12 million units from January through September, marking a 19.2% increase compared with the same period in 2024.
Istanbul, the country’s largest city, led the market with 24,119 transactions in September, followed by the capital Ankara with 13,417 and the Aegean city of Izmir with 8,544.
New home sales rose 5% from a year earlier to 47,117 units, while second-hand properties recorded a stronger gain of 7.8%, totaling 103,540 transactions.
Mortgage-financed purchases—homes bought using housing loans—jumped 34.4% year-on-year, totaling 21,266 units. These accounted for 14.1% of all transactions during the month, indicating a notable rebound in credit-supported demand despite high borrowing costs.
For the first nine months of 2025, new home sales rose 13.9% to 342,641, while mortgage-backed transactions jumped 76% to 162,493 compared with the same period a year earlier.
By contrast, home sales to foreign nationals fell 7.7% from the same month a year ago, with 1,867 units sold. Russians, Iranians, and Iraqis were again the leading buyers, maintaining their positions atop the list of non-resident investors in Türkiye’s housing market. During the January–September period, home sales to foreigners dropped 12.6% year-on-year to 14,944 units, continuing a downward trend that began in recent years.
Meanwhile, Türkiye’s Residential Property Price Index (RRPI) rose 1.7% month-on-month and 32.2% year-on-year in September, though inflation-adjusted figures indicated a 0.8% real decline.
Among the three largest provinces, prices increased by 1.5% in Istanbul, 2.3% in Ankara, and 2.9% in Izmir compared to the previous month. Over the past year, Istanbul’s index rose 30.7%, Ankara’s 41.1%, and Izmir’s 34.4%.
The highest annual increase in the housing price index in September was recorded in the Ankara region, at 41.1%.
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