Turkey housing sales decline in first nine months of 2026

Turkey recorded 1,092,919 residential property sales during the first nine months of 2026, representing a 7.2% decrease compared to the same period last year. While total sales volume fell, mortgage-backed sales saw a significant increase of 24.7%.

Data from the Turkish Statistical Institute (TÜİK) indicates a divergence between market segments. First-hand home sales decreased by 0.6% to 359,913 units, whereas second-hand sales dropped by 10% to 733,006 units. In September alone, first-hand sales rose by 3.9% year-on-year, while second-hand sales fell by 15.3%.

Foreign buyers accounted for 15,308 sales between January and September, a 4.3% decline from the previous year. In September, 2,167 homes were sold to foreigners, a 9.9% increase from the prior year. The top nationalities purchasing property in September were citizens of Russia, Iraq, and Germany.

Regional trends show a general decline in the Aegean region. In Denizli, sales fell to 1,701 units in September 2026 from 1,913 in September 2025. Similar decreases were noted in Manisa, Afyonkarahisar, Aydın, İzmir, Kütahya, and Muğla, while Uşak saw a slight increase to 770 units.