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3 clusters · 14 sources · 19 days · First seen · Last updated

Turkish housing market trends and consumer issues

Overview

The Turkish housing market is undergoing structural shifts characterized by rising consumer dissatisfaction and changing buyer preferences. Data from Şikayetvar shows a 127% surge in complaints against residential construction firms, rising from 1,482 in 2025 to 3,363 in 2026. Grievances include delayed hand-overs, substandard workmanship, failure to transfer title deeds, and unauthorized extra fees. Specific reports cite contracts signed in 2022 for 2024 delivery that remain unfinished by 2026, alongside demands for additional payments of 500,000 TL to 1 million TL not stipulated in original agreements.

Buyers are increasingly prioritizing new constructions over older properties to ensure earthquake safety and energy efficiency. In the first half of the year, first-hand home sales reached a four-year high of 221,487 units. In Istanbul, this has manifested as a preference for newer developments in districts like Başakşehir over aging apartments in central areas like Kadıköy. Conversely, foreign investment has declined, with sales to foreigners falling 9.2% to 9,083 units, representing 1.6% of total sales. The luxury segment, particularly properties exceeding 30 million TL, has also slowed in hubs like Istanbul, Bodrum, and Antalya.

Recent data from the Turkish Statistical Institute (TÜİK) for the second quarter of 2026 indicates a decline in new construction permits, with the number of apartments decreasing by 9.5% and total area by 7.4% compared to the previous year. However, occupancy permits saw an increase, with the number of apartments rising by 10.7% and total area growing by 5.8%.

Entities

Turkey · Turkish Statistical Institute · Istanbul · Antalya · Bodrum

Timeline

  1. 21 days ago

    [BUSINESS] 5 sources
    Turkey construction permits decline in second quarter of 2026

    Turkish construction permits declined in Q2 2026, with building numbers down 2% and apartments down 9.5%, while occupancy permits for completed buildings saw significant growth.

  2. about 1 month ago

    [BUSINESS] 4 sources
    Turkey housing market shifts toward new builds amid falling foreign demand

    Turkish new home sales hit a four-year high as buyers prioritize earthquake safety and energy efficiency, while foreign demand and luxury housing sales have seen a notable decline.

  3. about 1 month ago

    [BUSINESS] 5 sources
    Turkey residential construction firms see 127% surge in consumer complaints

    Şikayetvar says complaints against Turkish residential construction firms rose 127% from 2025 to 2026, driven by delays, poor workmanship, title issues and extra fees.

Sources

ayancikgazetesi.com · emlakdream.com · gzt.com · haber16.com · haberport.com · hazepitok.hu · konyaninsesi.com.tr · m.haber7.com · medyagazete.com · olaygazete.co.uk · rayhaber.com · sanayigazetesi.com.tr · southernschoolsbookaward.co.uk · yesiligdir.com

This summary has been updated 1 time: see revision history