Apartment Sales in Turkey Rise by 63.6% in November

According to data released by the Turkish Statistical Institute, the number of residential apartments sold in Turkey during November totaled 153,014 units, reflecting an increase of 63.6% compared to sales in the same month of the previous year.

Additionally, sales during this month marked the highest figures for November in the past three years.

In detailed numbers, Istanbul ranked first among Turkish provinces for residential apartment sales in November, with 26,320 units sold. Ankara followed in second place with 14,916 units sold, and Izmir ranked third with 8,583 units sold.

The provinces with the lowest sales in October this year were Bayburt with 89 apartments sold, Tunceli with 99 apartments sold, and Hakkari with 121 apartments sold.

Over 21,000 Apartments Sold to Foreigners in 2024 So Far

Regarding foreign sales, 2,151 apartments were sold to foreigners in November of this year, marking an increase of 1.3% compared to foreign sales in the previous month.

Foreign sales in November represented 1.4% of total apartment sales across Turkey. The total number of apartments sold to foreigners during the first eleven months of this year reached 21,363 units.

Istanbul Leads in Apartment Sales to Foreigners

In detailed data, Istanbul ranked first among Turkish provinces for apartment sales to foreigners in November 2024, with 780 units sold. Antalya came second with 752 units, followed by Mersin in third with 191 units sold.

Sales numbers in the top ten provinces for foreign buyers during November and the past eleven months of this year are as follows:

Russians Lead in Purchases by Foreign Nationalities

Regarding foreign nationalities, Russians ranked first as the top buyers of residential apartments in Turkey during November 2024, with 421 units purchased. Iranians followed in second place with 200 units, and Ukrainians came third with 160 units purchased.

The detailed numbers for the top ten nationalities are as follows:

Imtilak Real Estate©