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By Istanbulrealestate• 21 Sep 2024 10:39

Overview Of Türkiye's Real Estate Market in August 2024

https://www.istanbulrealestate.net/overview-of-turkiyes-real-estate-market-in-august-2024/

In August 2024, Türkiye’s real estate market saw a significant boost, with over 134,000 homes sold. It shows a 9.9% increase compared to the same month last year. This rise reflects growing demand, especially in major cities like Istanbul, Ankara, and Izmir. These cities accounted for a large share of the sales. Despite the overall growth, certain parts of the market faced challenges.

Mortgage sales, for example, dropped, and there was a noticeable decrease in homes sold to foreign buyers. However, strong activity from first-time home buyers and robust second-hand home sales kept the market moving forward. Showing that the real estate sector in Türkiye remains active and adaptable despite shifts in buyer behavior and economic factors.

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