Apartment sales in Turkey for March 2022 increased by 37.5%

Apartment sales in Turkey for March 2022 increased by 37.5%, compared to sales in the previous month.

Apartment sales in Turkey for March 2022 increased by 37.5%
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2022-04-18 Last update 2022-04-20

Apartment sales in Turkey for March 2022 increased by 37.5%

According to data issued by the Turkish Statistical Agency TÜİK, sales of apartments in Turkey in March of this year 2022 amounted to 134,170 apartments.

Apartment sales in March up 20%

Based on the figures in the aforementioned report, sales of apartments in Turkey for the month of March 2022 recorded an increase of 20.6%, compared to sales of apartments in the same month of the last year 2021.

March sales also recorded an increase of 37.5% compared to the previous month's sales, February 2022.

Apartments in Turkey

The apartment sector in Turkey recorded the sale of 320,063 apartments during the first three months of this year 2022, an increase of 21.7% over the sales of the same period last year 2021.

About 18% of Turkey's apartments sales for March 2022 were in Istanbul

In the details of the data issued by the Turkish Statistics Authority, Istanbul ranked first among the Turkish states that sold apartments in March of this year 2022, through the sale of 23,974 apartments, and 17.9% of the general sales of apartments throughout Turkey during the mentioned month.

The capital, Ankara, ranked second, with 12,609 apartments sold, and 9.4% of general sales; Izmir followed in third place, with 8,051 apartments sold, and 6% of apartment sales in Turkey in March 2022.

As for the states that sold the least apartments in Turkey in March of the current year 2022, the state of Ardahan topped the list with the sale of 25 apartments only, followed by the Bayburt state with the sale of 82 apartments, and the third place was the state of Tunceli with the sale of 103 apartments.

New apartment sales account for more than 28% of Turkey apartment sales for March 2022

In a related context, sales of new residential apartments during the month of March of this year 2022 recorded 38,337 apartments, achieving an increase of 14.9% compared to sales of the same month last year 2021.

The percentage of sales of new apartments amounted to 28.6% of the general sales of apartments in Turkey during March of this year 2022.

The official statistics also recorded the sale of 94,437 new apartments during the first three months of 2022, an increase of 17.5% over the sales of the first three months of the last year 2021.

Apartments in Turkey

Used apartment sales account for 71% of Turkey apartment sales for March 2022

As for used residential apartments, their sales during March of this year 2022 amounted to 95,833 apartments, achieving progress of 23.1% compared to sales of used apartments during the same month of the past year 2021, and 71.4% of the general sales of apartments in Turkey during March of this year 2022.

With regard to sales of used apartments during the first three months of this year 2022, the statistical figures recorded the sale of 225,626 apartments, an increase of 23.5% over the sales of used apartments during the same period last year 2021.

الضمان الحكومي انجليزي الضمان الحكومي انجليزي

Mortgage apartment sales are up 44% annually

With regard to the sales of mortgaged apartments, the number of mortgaged apartments sold in Turkey in March of this year 2022 reached 30,271 apartments, achieving a progress of 38.8%, compared to the sales of mortgaged apartments during the same month of the last year 2021, where the percentage of apartments Sold mortgaged 22.6% of the total apartments sold in Turkey during March of this year.

The sales of mortgaged apartments achieved annual progress of 44.7% during the first three months of this year 2022, with the sale of 68,342 mortgaged apartments.

Apartments in Turkey

Sales of non-mortgage apartments account for more than 77% of Turkey apartment sales for March 2022

The sales of non-mortgage apartments in Turkey during March of 2022 reached 103,899 apartments, achieving an increase of 16.2% compared to sales of non-mortgage apartments during the same month of the last year 2021.

The non-mortgaged apartments recorded 77.4 of the total apartments sold in Turkey during March of this year 2022.

Also, non-mortgage apartments achieved sales of 251,721 apartments during the first three months of this year 2022, an increase of 16% over the sales of the same period last year 2021.

 

Edited by Imtilak Real Estate ©

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Sources
Tüik
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