Real estate sales in Turkey record an 83% increase during March 2023.

Real estate sales in Turkey recorded a growth rate of 83% in March 2023, with the volume of completed real estate sales transactions exceeding 277,000 transactions. The income generated from these real estate expenses exceeded 5 billion dollars during the mentioned month of the current year 2023. Follow the details in the following news from Imtilak Real Estate:

Real estate sales in Turkey advance by 83% during the third month

According to data issued by the General Directorate of Land Registry and Cadastre in Turkey, 277,496 real estate sales transactions were completed during March 2023, marking an increase of 83% compared to real estate sales during the previous month.

The income generated from land registry fees related to real estate sales during the mentioned month amounted to 5,221,277,948 Turkish liras.

Residential apartments are the most sold properties

In the details related to the types of properties sold during the third month of this year, residential apartments in Turkey ranked first among the most sold property types. According to the data of the General Directorate of Land Registry and Cadastre, the number of residential apartments sold reached 100,867, constituting 36% of the properties sold during the mentioned month.

Agricultural lands ranked second, with 93,187 agricultural lands sold, achieving 33% of real estate sales. Construction lands ranked third, with 51,646 construction lands sold, accounting for 19% of real estate sales. Commercial properties ranked fourth, with 10,542 commercial properties sold, representing 4% of real estate sales, while sales of other types of Turkey properties during the mentioned month reached 21,254 properties.

Istanbul tops the Turkish provinces in real estate sales

Regarding the distribution of real estate sales across various provinces of Turkey, Istanbul ranked first among the Turkish provinces in real estate sales during the third month of this year, with 32,149 properties sold, accounting for 11.6% of property sales in Turkey during the mentioned month.

The Turkish capital, Ankara, ranked second, with 20,876 properties sold, representing 7.5% of total real estate sales across Turkey. Izmir ranked third, with 15,018 properties sold, accounting for 5.4% of real estate sales across Turkey during the third month of the current year.

The sales figures in the ten provinces with the highest real estate sales during the first month of this year were as follows:

Edited by: Imtilak Real Estate©