1.49 MILLION RESIDENTIAL PROPERTIES WERE SOLD IN 2021

A total of 1.49 million residential properties were sold in Turkey last year, according to the Turkish Statistical Institute. This was slightly down by 0.5% from 2020, the Turkish Statistical Institute (TurkStat) data showed. Istanbul had the highest share with 18.5%, or 276,223 house sales, in 2021, followed by Ankara with 144,104 and Izmir with 86,722. Some 461,523 new houses were sold across the country, while the rest were secondhand sales. The mortgaged housing sales totaled 294,530 in 2021, down 49% from the previous year. Housing sales to foreigners jumped by 43.5% year-on-year hitting 58,576 units in 2021, TurkStat data showed. Istanbul, the country’s largest city by population, enjoyed the lion’s share of those sales to foreigners, with 26,469 units. It was followed by the Mediterranean resort city of Antalya with 12,384 properties, and the capital Ankara with 3,672.