Euro rates
  • USD/RUB100.4669
  • GBP/RUB128.3012
  • TRY/RUB2.8871
  • EUR/RUB106.304
Alanya
+17°C
20.9°C
2285apartments on site

Turkey's September property sales set new record

  • 15.11.2024
  • 1309
  • 1
  • 0
Turkey's September property sales set new record

Real estate in Turkey is undergoing significant changes against the backdrop of a real price decline that has continued for 8 months in a row. Experts expect this trend to continue in the future. This decline has led to a sharp increase in market activity, resulting in record sales in September, when 140,919 housing units were sold - the highest figure in the last 21 months.

According to the Central Bank of Turkey (KFE), the annual real decline in house prices was 14.7% in September. The increase in buying activity is also due to the desire of investors to take advantage of the fact that buying property in Turkey has become more affordable. Experts note that the potential rental returns, combined with long payback periods, make the housing market attractive even in conditions of economic instability.

Read also
  • The dynamics of property prices in Turkey in October has been news
    According to the Central Bank of the Republic of Turkey (CBRT), Turkey's Residential Property Price Index (RPPI) rose by 2.1% in October compared to September, reaching a level of 151.1 on a basic scale. The index recorded an annual nominal increase of 26.8%, but a real decrease of 14.7% after...
    22.11.2024
  • Real estate rents in Turkey expected to rise sharply
    Rising living costs and rapid inflation continue to put pressure on rents. Ridvan Akgun, president of the Izmir Real Estate Club, has raised serious concerns, predicting a 50% increase in rents in the first half of 2025.Having started the year with a 25% increase, rents could rise by 50% in the...
    08.11.2024
  • Russians lead foreign buyers of property in Turkey according to September results
    According to the Turkish Statistical Institute (TurkStat), foreigners bought 2,022 residential properties in Turkey in September this year, which is 31% less than in September 2023, when 2,930 properties were bought. Property sales to foreigners accounted for 1.4% of the total number of transactions...
    01.11.2024
Free consultation

Schedule a consultation with our real estate experts

Ali Pazandeh
Sales representative, Graphic designer