Turkey housing market sales trends

Housing market data from Turkey indicates fluctuations in sales volumes across different regions and property types. In August 2026, Yozgat reported 698 residential property sales, with second-hand homes outperforming new constructions. Although Yozgat saw an increase in sales compared to July, the figures were lower than the 844 sales recorded in August of the previous year.

By September 2026, national data from the Turkish Statistical Institute (TÜİK) showed a 9.3% decrease in total housing sales compared to the same month the previous year, totaling 142,390 units. While first-hand housing sales rose by 3.9%, second-hand sales experienced a significant drop of 15.3%. During this period, sales to foreign nationals, primarily Russian, Iraqi, and German citizens, increased by 9.9%.

In the commercial sector, total workplace sales decreased by 3.8% to 17,345 units, though first-hand workplace sales grew by 13.2% while second-hand sales dropped by 10.5%. Mortgage-backed transactions have shown resilience; mortgage-backed housing sales increased by 5.1% to 23,397, and mortgage-backed commercial property sales surged by 37.7%.

Price trends remain divided. The Central Bank reported that while nominal housing prices rose by 22.3% annually, they fell by 5.7% in real terms when adjusted for inflation. Rental costs have faced significant pressure; in Istanbul, annual new tenant rents increased by 35.5%, outpacing property value growth.