Apartment sales in Turkey increased by 39.7% in January 2025

The real estate market in Turkey witnessed a remarkable recovery, with apartment sales rising by 39.7% in January 2025 compared to the previous year, bringing the total number of apartments sold to 112,173 units. In other news, Istanbul topped the list of Turkish provinces with the highest property sales to foreigners in Turkey. Follow the details with us at Imtilak Real Estate.

Apartment sales in Turkey increase by 39.7% in the first month of 2025

According to data issued by the Turkish Statistical Institute, the number of apartments sold in Turkey during January reached 112,173 apartments, achieving an increase of 39.7% compared to sales in the same month of 2024.

Additionally, apartment sales in Turkey during the mentioned month recorded the highest figure for the first month over the past three years.

In detail, Istanbul ranked first among Turkish provinces in apartment sales during January 2025, with 18,912 apartments sold, followed by Ankara in second place with 10,158 apartments, and Izmir in third place with 6,634 apartments sold.

The provinces with the lowest apartment sales in the first month of this year were Ardahan with 39 apartments, followed by Bayburt with 62 apartments, and Tunceli with 80 apartments sold.

Foreign sales reached 1,547 apartments in the first month

Regarding real estate sales to foreigners in Turkey, the number of apartments sold to foreigners during January of this year reached 1,547 apartments.

Foreign sales accounted for 1.4% of total apartment sales across Turkey during January of this year.

Istanbul tops Turkish provinces in sales to foreigners

According to the data, Istanbul ranked first among Turkish provinces in apartment sales to foreigners during January 2025, with 611 apartments sold.
Antalya came second with 469 apartments, and Mersin ranked third with 118 apartments sold.

The sales figures for the top ten provinces in sales to foreigners during January were as follows:

Russians top the list of buyers by nationality

Regarding the ranking of foreign nationalities according to their purchases of apartments in Turkey, Russians ranked first as the top foreign buyers of apartments in Turkey during January 2025, with 248 apartments purchased. They were followed by Iranians in second place with 162 apartments, and Iraqis in third place with 103 apartments. The figures for the top ten nationalities by purchases were as follows:

Edited by: Imtilak Real Estate©