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Turkish housing market trends and consumer issues

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2026-08-10 11:54 UTC → 2026-08-22 09:09 UTC · added removed

The Turkish housing market is experiencing significant undergoing structural shifts characterized by rising consumer dissatisfaction and consumer-driven changes. changing buyer preferences. Data from the platform Şikayetvar indicates shows a 127% surge in consumer complaints against residential construction firms compared to the previous year, firms, rising from 1,482 in 2025 to 3,363. Common grievances 3,363 in 2026. Grievances include delayed hand-overs, substandard workmanship, failure to transfer title deeds, and demands for unauthorized extra fees. Parallel 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 these consumer frustrations, there is a notable shift 1 million TL not stipulated in buyer preferences toward original agreements. Buyers are increasingly prioritizing new constructions. First-hand 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 the first half of the year, units. In Istanbul, this has manifested as buyers prioritize earthquake safety and energy efficiency a preference for newer developments in districts like Başakşehir over older properties. Meanwhile, demand from aging apartments in central areas like Kadıköy. Conversely, foreign investors investment has declined, with sales to foreigners falling by 9.2% to 9,083 units, representing only 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%.

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  1. 2026-08-22 09:09 UTC Turkish housing market trends and consumer issues
  2. 2026-08-10 11:54 UTC Turkish housing market trends and consumer issues

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