Istanbul Property Sales Statistics

Property Guide Turkey
Nov 5 · 3 min read

According to monthly statistics released by the Turkey Statistical Institute (TÜK), Istanbul has the largest share of 23,000,265 property sales in September 2019, with 15.8 percent. Given the sale statistics of property in Istanbul, it can be said that major projects like Canal Istanbul, Istanbul Airport and Northern Marmara Highway attract the buyer. So, which district of Istanbul is selling most of the property?

As the number of projects implemented each day increases, priority is given to the transportation factor for those investing in a property in Istanbul. A specific segment of the high-income group prefers property with the Bosphorus view. Purchasing houses from regions close to schools, colleges and business districts is the choice of those who want to earn regular rental income. At the same time, attention has also been paid to the proximity of the residential area to public transportation, parking and shopping options.

Istanbul Property Sales Figures September 2019

Esenyurt was the district which had the highest selling figures in Istanbul when we look at the figures in 2019. 3,000,167 homes were sold in the Esenyurt region in September 2019. The availability of a broad range of building projects and affordable prices has a significant impact on sales in this area. There is also a visible impact of urban transformation.

One of the largest selling neighborhoods in Istanbul this year, following Esenyurt, Beylikdüzü with 1,160 houses, Pendik, 1,274 houses, Başakşehir, 1,128 houses and Sancaktepe, with 957 houses. Beykoz, Beyoğlu, Güngören, Beşiktaş and Esenler are the districts where the properties are least sold.

In Which Months Did the Property Sales Occur Most?

In 2019 (January-September), the sales of property in Istanbul will increase in July, August and September. When the seller is assessed in 2019. In September especially, the Central Bank rekindled the sector’s interest rates. Although stocks are increasing in the real estate sector, housing prices will continue to increase.

Which Country Citizens Purchased a Property from Turkey?

In September 2019, according to information from TUIK, Iraqis bought 781 properties from Turkey. Iran was the country with the highest number of property sales to foreigners following Iraq with 489 properties.The Russian Federation with 248 properties followed Iran and Iraq. Citizens of Saudi Arabia have purchased 214 properties, while citizens of Kuwait purchased 214 properties from Turkey. In September 2019, İstanbul ranked first with 1,944 property sales in sales of housing units to foreigners. 744 property sales in Antalya, 239 in Ankara, 213 in Bursa and 141 in Yalova taken place in September 2019.

Istanbul Property Sales Figures September 2019

Property Guide Turkey

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