Milliyet Son Dakika15 hours agoReal_estate1 min readTürkiye

Sales decreased but the best month passed

Quick Look

According to TÜİK data, housing sales in Türkiye last month decreased by 9.3 percent annually to 142 thousand 390, but the highest monthly sales of 2026 were recorded.
While sales decreased by 7.2% in the 9 months of the year and reached 1 million 92 thousand 919 units, the share of first-hand house sales was calculated as 36.2% and the share of second-hand house sales was calculated as 63.8%.
Bank credit sales increased by 5.1% to 23 thousand 397, while cash and promissory note sales decreased by 11.6% to 118 thousand 993.

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Why It Matters

Turkish Statistical Institute (TUIK) monitors gross domestic product and housing market trends by regularly publishing housing sales data.

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According to Turkish Statistical Institute (TUIK) data, house sales across the country decreased by 9.3 percent annually last month, reaching 142 thousand 390. Despite the annual decline, it was noteworthy that the highest monthly sales of 2026 were realized.

In the 9 months of the year, housing sales decreased by 7.2% compared to the previous year and a total of 1 million 92 thousand 919 units were sold. The share of first-hand house sales in total house sales was calculated as 36.2 percent, and the share of second-hand house sales was 63.8 percent. The share of new houses reached the highest level of the year.

Bank credit sales increased by 5.1 percent to 23 thousand 397. However, the share of credit sales in total sales was only 16.4 percent. Cash and promissory notes sales decreased by 11.6 percent in September to 118 thousand 993.

Open Questions

What are the main reasons for the decline in housing sales?
How is the sustainability of the increase in bank credit sales evaluated?
What are the long-term effects of the rise in the share of first-hand home sales?