The latest statistics on apartment sales in Turkey during the second quarter of 2021

Find out about the latest figures related to sales of apartments in Turkey during the second quarter of 2021 through Imtilak Real Estate.

The latest statistics on apartment sales in Turkey during the second quarter of 2021
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2021-08-02 Last update 2021-09-27

The latest statistics on apartment sales in Turkey during the second quarter of 2021

Imtilak Real Estate presents to you the latest statistics related to the sales of apartments in Turkey during the second quarter of 2021, and the recorded increase in the percentage of sales, according to the report issued by the Endeksa real estate platform.

An overview at apartment sales during the second quarter of this year

According to the statistical data contained in a report prepared by Endeksa real estate platform, in cooperation with the Association of Businessmen and Real Estate Consultants TÜGEM, and talking about the sales of apartments in Turkey 2021:

Apartment sales during the second quarter of this year amounted to 289,760 apartments, an increase of 10% compared to sales in the first quarter of this year, and 2% compared to sales of the second quarter of the last year 2020.

Istanbul ranks first

Istanbul ranked first among the Turkish states that sold apartments during the second quarter of this year, with 56,499 apartments sold, accounting for 19% of the total sales of apartments during the mentioned period.

The Turkish capital, Ankara, came in second place, with sales of 28,180 apartments, and 10% of the total sales of apartments, during the second quarter of this year.

 Izmir ranked third among the Turkish states, which recorded the most sales of apartments during the second quarter of this year, which amounted to 16,325 apartments, and achieved 6% of apartment sales in Turkey in general during the mentioned period.

Used apartment sales account for 70% of sales

According to the aforementioned report, the number of used residential apartments sold during the second quarter of this year amounted to 202,250 apartments, an increase of 11% compared to sales in the first quarter of this year, and an average of 5% compared to sales of the second quarter of the last year 2020.

Used apartment sales accounted for 70% of general apartment sales during the second quarter of this year.

الجنسية التركية انجليزي الجنسية التركية انجليزي

Foreign sales are making record progress

In a related context, during the second quarter of this year, residential apartment sales to foreigners amounted to 10,601 apartments, making a record 220% progress compared to apartment sales to foreigners during the same period in the year 2020.

Apartment sales to foreigners also increased by 7% during the second quarter of this year, compared to apartment sales to foreigners during the first quarter of this year.

The increase in demand led to an increase in prices

According to what was stated in the aforementioned report, apartments in Turkey witnessed an annual increase of 30%, accompanied by an increase in demand for real estate, where the average price per square meter across Turkey reached 3,239 TL, and the average investment life of apartments reached 20 years, while the average period for marketing an apartment was 63 days.

Aydin ranked first among the Turkish states, which witnessed the largest increase in the prices of its apartments, with an increase of 58%, followed by Mugla in second place, with an increase in the prices of its apartments reached 56%, followed by Antalya in third place with a rate of 56% an increase of 44%.

Apartment sales in Turkey

Istanbul has the highest stock of apartments

On the other hand, with regard to the apartment stock figures described in the above-mentioned report, Istanbul accounted for the largest proportion of the stock, with 274,228 apartments in its real estate stock up to the end of the second quarter of the current year.

Ankara came in second place, with 141,589 apartments in its real estate stock, and Izmir ranked third with 83,260 apartments in its real estate inventory.

The data on sales, prices, investment life, and marketing period related to the 50 states that sell the most apartments are as follows:

Province
Sales of the second quarter of 2020
Average price per square meter (TL)
Average apartment price
Annual change in prices (%)
Average investment life of the building (years)
The average duration of marketing an apartment (per day)
Number of apartments in stock
İstanbul
50,449
4,755
510,264
23,63
22
63
274,228
Ankara
28,180
2,483
305,240
25,21
19
66
141,589
İzmir
16,325
4,306
497,250
32,74
23
65
83,260
Antalya
12,466
4,012
454,375
44,21
21
62
58,184
Bursa
10,909
2,890
353,990
24,78
21
62
29,213
Mersin
8,893
2,508
360,960
33,76
20
69
5,786
Kocaeli
7,286
2,671
316,250
23,37
23
62
22,421
Konya
7,242
2,221
328,800
29,88
23
61
15,935
Balıkesir
7,091
3,562
395,160
36,68
27
63
33,256
Tekirdağ
6,946
2,282
278,070
25,87
20
62
24,182
Gaziantep
6,923
2,971
439,040
37,48
19
60
18,193
Aydın
6,615
4,544
560,000
57,56
29
65
38,440
Kayseri
6,104
2,112
328,350
26,54
29
61
14,903
Adana
5,906
2,607
389,120
30,22
21
61
25,506
Şanlıurfa
5,278
1,934
309,400
40,25
18
61
6,268
Muğla
5,109
8,198
951,080
55,86
33
64
24,464
Hatay
4,824
2,085
288,000
31,71
22
64
8,471
Sakarya
4,693
2,704
302,400
33,73
21
62
12,655
Samsun
4,522
2,635
341,740
31,49
23
62
14,672
Manisa
4,494
2,825
332,000
27,54
24
61
15,264
Diyarbakır
4,302
2,245
342,045
37,22
20
60
6,075
Eskişehir
3,979
2,819
317,760
26,64
21
64
12,090
Denizli
3,128
2,981
372,870
30,52
23
63
14,537
Kahramanmaraş
2,851
2,353
352,160
35,93
20
60
5,495
Yalova
2,819
2,961
345,625
23,94
20
67
4,934
Malatya
2,494
2,127
339,490
26,83
24
61
5,634
Çanakkale
2,407
3,578
375,630
32,47
23
63
7,133
Trabzon
2,119
2,478
376,000
22,79
27
66
5,297
Elazığ
2,014
2,127
346,970
18,56
21
65
3,192
Ordu
1,959
2,566
324,000
29,14
26
63
3,303
Afyonkarahisar
1,920
2,429
283,750
26,64
27
67
2,838
Erzurum
1,771
1,648
246,720
24,94
22
61
4,503
Mardin
1,708
1,811
292,775
42,49
21
62
1,976
Adıyaman
1,619
2,391
342,240
36,94
24
61
2,563
Çorum
1,570
2,206
278,640
27,44
28
64
3,376
Sivas
1,545
2,045
264,460
28,86
26
62
2,654
Düzce
1,483
2,269
253,320
32,15
21
71
3,167
Kütahya
1,457
2,162
246,240
23,68
21
65
2,731
Bolu
1,428
2,539
307,060
26,82
24
65
2,297
Osmaniye
1,397
1,990
288,300
35,74
22
63
2,416
Edirne
1,360
3,004
324,990
22,56
20
69
3,265
Niğde
1,349
1,672
242,420
26,76
28
62
1,906
Kırklareli
1,297
2,388
270,720
23,67
21
66
2,821
Isparta
1,277
3,119
366,000
27,05
23
69
1,990
Giresun
1,269
2,335
306,320
26,35
24
77
1,602
Van
1,245
2,285
325,500
24,8
18
63
2,838
Tokat
1,218
2,319
305,900
25,42
25
67
2,056
Kırıkkale
1,173
1,773
223,830
26,55
22
65
2,314
Aksaray
1,166
2,376
348,800
31,27
32
62
1,929
Zonguldak
1,153
2,718
332,800
21,23
22
68
2,548

 

Edited by Imtilak Real Estate©

Reference: Endeksa

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