The demand for houses in Turkey is rising day by day. In the first 6 months of 2021, 552 thousand 810 residences were sold in Turkey. This means an average of 3 thousand 71 houses per day.
Although real estate sales have a graphic with ups and downs, the demand of foreign nations for housing is still high throughout the country.
The biggest factor in the slowdown in sales is expressed as high loan interest rates and increasing construction costs. In spite of all this, in the first 6 months of 2021, an average of 2.13 houses was sold every minute in Turkey.
In the first 6 months of 2021, a total of 552 thousand 810 residences was sold in Turkey. In this process, the highest number of house sales was realized in June with 134,731 house sales.
Looking at the general picture in the 6-month period, the highest number of real estate sales was realized in Istanbul with 108 thousand 51 housing sales. In addition, 19.54% of all housing sales in Turkey in the first 6 months were made in megacity Istanbul.
According to the announced data by TUIK Turkish Statistical Institute, 552 thousand 810 houses were sold in the first half of the year. This means that an average of 3 thousand 71 houses is sold daily in Turkey.
In particular, the fact that state banks keep the housing loan rates at a slightly low level keeps the Turkish real estate market alive. When the figures are detailed, in the first half of the year, an average of 128 houses was sold per hour and 2.13 per minute.
1 million 499 thousand 316 houses were sold in 2020. It is known that the low-interest, deferred housing loan campaign organized by state banks during the pandemic period had a great impact on housing sales in the country.
There was a boom in real estate sales, especially thanks to the 15-year term loan rates reduced to 0.64% in new residences and 0.74% in resale houses in Turkey.
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