Real estate in Turkey. January statistics.
The Turkish Statistical Institute released home sales statistics for January 2021. Home sales in Turkey decreased by 37.9% compared to the same month last year, in January 2021 there were 70,587 people.
The market decline is due to the fact that at the beginning of 2020 mortgage rates for Turkish citizens were greatly reduced, and the procedure for obtaining a loan was simplified.
Now the rates have increased, the market has returned to its usual turnover.
As for the sales of real estate in Turkey to foreigners, statistics call the figure for January at 2,675 objects.
Istanbul ranked first in home sales to foreigners in January 2021 with 1,380 homes sold. Istanbul was followed by Antalya with 462 home sales, Ankara with 179 home sales, Mersin with 131 home sales and Bursa with 75 home sales.