Housing Sales Decline in July, Mortgage-Backed Sales Rise
According to the Turkish Statistical Institute’s (TÜİK) July Housing and Commercial Property Sales Statistics, while housing sales continued to decline, a notable increase was recorded in mortgage-backed sales. New home sales decreased by 8.6 percent year-over-year, while resale home sales fell by 20.8 percent.
This article was translated automatically from Turkish. Türkçe orijinal ›
The Turkish Statistical Institute (TÜİK) released statistics on residential and commercial property sales for the period ending in July 2026. Across Turkey, new home sales fell by 8.6 percent year-over-year to 42,529, while resale home sales dropped by 20.8 percent to 81,074. New homes accounted for 34.4 percent of total sales, while existing homes accounted for 65.6 percent.
Mortgage-backed home sales, however, saw an increase. In July, mortgage-backed sales rose by 23.7 percent compared to the same month last year, reaching 23,888. Other home sales decreased by 23.1 percent, totaling 99,715.
Residential property sales to foreigners also rose by 1.9 percent in July, reaching 2,120. Among these sales, Russian citizens ranked first with 394 homes purchased, followed by Iranian citizens with 189 and Ukrainian citizens with 145. Total residential property sales to foreigners during the January–July period, however, fell by 7.3 percent to 11,203.
In commercial property sales, new sales rose by 16.4 percent to 5,777, while resale transactions fell by 12.2 percent to 10,956. Sales of commercial properties with mortgages rose by 57.6 percent to 695, while other commercial property sales fell by 5.7 percent to 16,038.
