Euro rates
  • USD/RUB108.8925
  • GBP/RUB136.3912
  • TRY/RUB5.2149
  • EUR/RUB117.201
Alanya
+20°C
2116apartments on site

Property sales in Turkey rose by 83% compared to February

  • 27.04.2023
  • 544
  • 1
  • 0
Property sales in Turkey rose by 83% compared to February

In March, there were 277,496 real estate transactions in Turkey, with a total return of over $270 million. In total, the number of deals increased by 83% in March compared to the previous month.

A total of 100,867 sales transactions were for residential properties and 51,646 for land. The rest was for commercial units and other types of real estate. The number of deals in March rose by 83% compared to February, when 151,416 real estate transactions were made.

Istanbul became the leader with 32,149 deals among the 10 provinces with the highest number of sales in March. Istanbul is followed by Ankara, Antalya, Bursa, Konya, Tekirdag, Kocaeli, Mersin, and Balikesir.

Read also
  • Experts explain why Russians are scooping up real estate in Turkey
    Numerous factors are cited by experts as to why Turkish real estate is gaining popularity among Russian citizens. Relatively low residence prices contribute to the high demand. In addition, while housing options are available for purchase on interest-bearing loans in Russia, you can purchase a...
    04.05.2023
  • Turkey has become the only country granting citizenship for real estate purchase
    Since April 1, Turkey has become the only state in which Russians have the opportunity to obtain citizenship for real estate investments in 2023. Until March 31, Turkey and Grenada provided citizenship to Russians investing in real estate. However, the deadline for submitting applications for...
    20.04.2023
  • Antalya’s property market goes through a shortage
    Following the tragic earthquake, Turkish citizens are moving to Antalya. The city has become a new leader in housing sales. The secondary market is also overheating. Experts see a shortage of offers. Rental rates are skyrocketing. Antalya is traditionally popular with Russian citizens. The past...
    13.04.2023
Free consultation

Schedule a consultation with our real estate experts

Ali Pazandeh
Sales representative, Graphic designer