Property News

The Turkish Statistical Institute (TUIK) has published its report on real estate sales statistics for 2024. A Total of 1,478,025 Properties Sold in Turkey in 2024 In 2024, 1,478,025 residential properties were sold in Turkey, reflecting a 20.6% increase compared to 2023. Istanbul recorded the highest number of sales with 239,213 properties. Ankara and Izmir followed with 134,046 and 80,398 sales, respectively. The lowest sales figures were reported in Ardahan, Hakkari, and Bayburt.

The General Directorate of Land Registry and Cadastre has introduced the 3D City Models Production and 3D Cadastre Base Formation Project to modernize property registration and planning processes. Starting January 1, 2025, architectural plans and 3D digital building models must be submitted in a secure electronic format for all condominium-related transactions across the country.

The Turkish Statistical Institute (TUIK) has published the report on property sales statistics of 2023. A Total of 1,225,926 Properties were Sold in Turkey, 2023 In 2023, Turkey witnessed the sale of 1,225,926 residential properties, marking a 17.5% decrease compared to the previous year. Istanbul led the sales with 198,739 properties, accounting for 16.2% of the total sales, followed by Ankara and Izmir with 114,432 and 65,465 sales respectively. The lowest sales were recorded in Ardahan, Hakkari, and Tunceli.

Overview of the 2023 Turkish Property Market A notable rise in property prices has been noticed since early 2023, with an increase of 109%. By August 2023, the average price for a home in Turkey reached about $100,316. This is a sharp increase from the end of summer 2022, when the average was $81,510, and the annual price growth was even more rapid at 203%. This growth was one of the steepest increases ever recorded by Turkey's Central Bank. Despite higher prices, the housing market in Turkey is expanding. During the first seven months of 2023, there were 1.6 milli...

Alanya, a coastal city on the southern coast of Turkey, is a popular destination among international and Turkish buyers looking for luxurious and modern properties. The real estate purchase and sale in Alanya is made with Pounds, Dollars, or Euros nowadays there are more foreign investors compared to previous years. Although local buyers have made fewer property purchases in Alanya and its surroundings, the increase in foreign sales has reached astonishing levels. Investors from various regions of the world, including Europe and East Asia, want to make money at competitive prices in this ne...