A quarter of a million real estate sales transactions were recorded in Turkey during the first month of 2023.

According to data released by the General Directorate of Land Registry and Cadastre in Turkey, approximately 249,852 real estate sales transactions were completed in January 2023. The revenue generated from real estate sales during this month reached 4 billion, 131 million, and 727 thousand Turkish liras.

Residential apartments are the most sold type of real estate

Regarding the details of the types of properties sold during the first month of this year, residential apartments ranked first among the most sold types of real estate. According to the data from the General Directorate of Land Registry and Cadastre, 92,192 residential apartments were sold, accounting for 37% of the total properties sold during the mentioned month.

Agricultural lands ranked second, with 82,503 agricultural lands sold, representing 33% of total real estate sales. Construction lands came third, with 43,964 construction lands sold, making up 18% of total real estate sales during the mentioned month. Commercial properties ranked fourth, with 11,214 commercial properties sold, accounting for 4% of real estate sales, while sales of other types of properties during the mentioned month reached 19,979 properties.

Istanbul tops Turkish provinces in real estate sales

Regarding the distribution of real estate sales across various provinces in Turkey, Istanbul ranked first among the Turkish provinces with the highest real estate sales during the first month of this year, with 29,576 properties sold, representing 11.8% of real estate sales throughout Turkey during the mentioned month.

The Turkish capital, Ankara, came second with 15,386 properties sold, accounting for 6.2% of total real estate sales nationwide. Izmir ranked third with 12,612 properties sold, representing 5.04% of real estate sales throughout Turkey during the first month of this 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

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