Turkish housing market at its peak: 2.87 million transactions in January-November 2025

The Turkish real estate market is experiencing a real boom — a record 2.87 million properties were sold in the first eleven months of the year. This is 7.6% more than a year ago and beats the previous high of 2.82 million in 2022. Data from the General Directorate of Land Registry (TKGM) confirms that demand remains strong despite global challenges.

In November, the pace accelerated, with 273,000 units sold, up 8.6% from last year. These included flats, plots of land and commercial premises. The state collected over 139 billion lira from these transactions, a substantial inflow into the budget. Experts attribute the upturn to soft mortgages, falling interest rates and an influx of investors. Foreigners, especially from Russia and the Middle East, are actively buying up villas on the coast. Istanbul leads with 450,000 sales, followed by Antalya and Izmir.

‘This is a sign of the sector's maturity,’ notes TKGM analyst Ferhat Kylch. But December is still ahead: if the trend continues, the year will close with 3 million sales. Developers are already planning new projects, and buyers are waiting for tax breaks. Turkey remains a magnet for capital — from the Mediterranean Sea to the megacities.