Houses sold in Turkey in March 2020 increased by 3.4% compared to the same month in the previous year.
Houses Sold in Turkey in March 2020
The number of properties that were sold in Turkey during March was 108,670 properties.
Istanbul, as usual, ranked first in the number of properties sold.
The number of properties sold in Istanbul has reached 19,846, or 18.3%.
Houses Sold in Turkey during the first quarter of 2020
The percentage of real estate sales in Turkey increased during the first, second, and third months of this year by 33% in comparison to the same period of the previous year.
As the number of homes sold in Turkey reached 341034.
The percentage of mortgaged properties increased to 238.6%,
Furthermore, the number of homes sold in foreclosure increased to 299129 homes.
The number of properties that were sold for the first time amounted to 107,432, achieving an increase of 0.4% compared to the same period in the previous year.
Second-hand sales increased by 57.2% compared to the same period in 2019.
Real estate sales to foreigners in Turkey in March 2020
Despite the global crisis caused by the spread of the Coronavirus worldwide, the number of properties sold to foreigners reached 3036.
This is due to the rapid response of both real estate developers in cooperation with real estate agencies in Turkey.
As they immediately announced to start selling real estate in Turkey online.
Real estate agencies began to secure offers and real estate opportunities for their clients by cooperating with their partners in the sector of real estate development.
The Turkish government has announced the activation of the electronic tapu platform.
“Web Tapu” platform helped 30,000 buyers to buy their new homes through it.
According to the statistics, Iranians were on the top of the list, then the Iraqis, and the Russians.
In addition, the percentage of selling real estate to foreigners in Turkey in the first three months of this year increased by 13.8% compared to the same time in the previous year.
According to the current data and statistics, the Turkish real estate market has achieved the highest rate of sales in 8 years.