Residential sales figures for April 2023

The figures show a sharp rise in sales volume compared with the previous month, reaching 25%. Around 150 thousand homes were sold across Türkiye during March.

In Istanbul the figure was around 35 thousand homes.

In April, around 200 thousand homes were sold across Türkiye, while Istanbul alone accounted for some 50 thousand.

Looking at the detail, Antalya was the province that sold the most homes to foreign buyers in April 2023, with 1024 residential units. Istanbul came second with 792 units sold, and Mersin third with 186 units.

The figures also point to a rise in the price of homes sold in Türkiye. The average flat price nationwide in April was around 300 thousand Turkish lira, while in Istanbul the average was about 500 thousand Turkish lira.

Sales in the ten provinces that sold the most to foreign buyers during April, and over the first four months of this year, were as follows:

Rank	Province	Homes sold to foreign buyers in the first four months
1	Antalya	5201 residential units
2	Istanbul	4359 residential units
3	Mersin	982 residential units
4	Ankara	424 residential units
5	Bursa	354 residential units
6	Yalova	332 residential units
7	Izmir	307 residential units
8	Muğla	235 residential units
9	Kocaeli	200 residential units
10	Aydın	168 residential units

Russians lead the buying nationalities

As for the ranking of foreign nationalities by their purchases of homes in Türkiye, Russians took first place as the largest foreign buyers of residential property in Türkiye in April 2023, with 817 units purchased, followed by Iranians in second place with 377 units, and Ukrainians third with 136 units. Purchases by the twenty most active nationalities over this period were as follows:

Rank	Foreign nationality	Homes sold to that nationality during April
1	Russian	817
2	Iranian	377
3	Ukrainian	136
4	Iraqi	124
5	Kazakh	89
6	German	73
7	Chinese	68
8	Azerbaijani	54
9	Afghan	48
10	American	46
11	British	41
12	Egyptian	41
13	Pakistani	36
14	Saudi	30
15	Turkmen	29
16	Jordanian	28
17	Uzbek	25
18	Israeli	24
19	Kuwaiti	24
20	Norwegian	20

Property experts expect this rise in both sales volume and prices to continue over the coming months, keeping Türkiye and Istanbul among the most attractive property investment destinations in the world.

Source: HANA