Türkiye’s October Home Sales. Türkiye’s housing market recorded 164,306 home sales in October 2025, a 0.5% year-on-year decline, according to the latest figures released by the Turkish Statistical Institute (TurkStat/TÜİK).
Despite the mild annual drop, October marked the strongest monthly performance of 2025 so far, underscoring the market’s resilience in the face of financing and affordability pressures.
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Biggest Markets: Istanbul Leads Again
Istanbul remained the country’s largest real estate hub with 26,305 sales, followed by Ankara (14,681) and İzmir (8,678). At the other end of the spectrum, sales were lowest in Ardahan (86), Bayburt (135) and Tunceli (143), reflecting the continued concentration of demand in major metropolitan areas.
January–October Totals Hit Record High
Even with October’s slight slowdown, cumulative sales in the January–October 2025 period climbed 16.2% annually to 1,293,033 units, setting a new record for the first ten months of the year. The data points to sustained domestic demand, supported by the rotation from rental markets into ownership and a preference for completed or near-delivery projects.
Foreign Demand Softens, Antalya Stays on Top
Sales to foreign buyers totaled 2,106 homes in October, down 0.8% year-on-year, accounting for 1.3% of all transactions. Antalya led foreign purchases with 729 units, narrowly ahead of Istanbul (725), while Mersin (192) ranked third.
Over the first ten months of 2025, foreign sales fell 11.3% to 17,050, confirming a continued normalization trend after previous years’ peaks. In October, the highest number of homes among foreign nationals went to Russian citizens (315), followed by Germans (191) and Iranians (172).
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Mortgage-Backed Sales Rebound
A notable highlight in October was the upswing in mortgage activity. Mortgaged home sales rose 11.5% year-on-year to 23,527, representing 14.3% of total sales. From January to October, mortgaged transactions surged 64% to 186,020, signaling that buyers are increasingly re-entering the credit channel as expectations stabilize.
Of October’s mortgaged sales, 5,919 were first-hand (new builds), while the majority were tied to existing stock—mirroring nationwide demand patterns.
Second-Hand Homes Drive the Market
Non-mortgaged (other) sales slipped 2.3% to 140,779, still accounting for 85.7% of all transactions. Meanwhile, market composition continued to lean toward second-hand housing:
Second-hand sales: 109,440 units, up 1.8% annually (share: 66.6%)
First-hand sales: 54,866 units, down 4.9% annually (share: 33.4%)
This shift indicates buyers’ preference for ready inventory and relatively price-advantageous resale options against a backdrop of construction costs and delivery timelines.
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Outlook: Resilience with a Changing Mix
October’s figures suggest Türkiye’s real estate market remains active, though increasingly shaped by mortgage recovery, second-hand dominance, and softer foreign demand. With sales volumes at the year’s high and ten-month totals at record levels, the sector is showing durability—yet the composition of demand is evolving toward affordability-driven choices and credit-supported purchases.
