Turkey home sales in 2024: record December, fewer foreign buyers
Turkey sold 1,478,025 homes in 2024, 23,781 of them to foreigners. The TÜİK figures on December sales, mortgages, new builds and top buyer nationalities.
Contents
Key points
- Turkey recorded 1,478,025 home sales in 2024, up 20.6% on 2023.
- December 2024 alone saw 212,637 sales, 53.4% more than December 2023.
- Foreigners bought 23,781 homes, a drop of 32.1%; after Istanbul came Antalya and Mersin.
- Russian nationals were the largest group of foreign buyers, with 4,867 purchases.
As of 24 January 2025, source: TÜİK – Turkish Statistical Institute, house sales statistics December 2024.
Newer figures: for the full-year 2025 results see Turkey home sales 2025, and for current data on foreign buyers in the Antalya region see Foreign buyers in Turkey 2026.
The headline number
TÜİK's annual report shows that 1,478,025 residential properties changed hands across Turkey in 2024 – a rise of 20.6% compared with the previous year.
Sales were concentrated in the three largest cities: Istanbul with 239,213, Ankara with 134,046 and İzmir with 80,398. Ardahan, Hakkari and Bayburt recorded the fewest transactions.
December closes the year strongly
With 212,637 homes sold, December 2024 came in 53.4% above December 2023.
How the purchases were financed
Mortgage sales. December brought 23,277 mortgage-financed sales, up 285.3%. Over the full year the figure was 158,486, which is 10.8% lower than in 2023. Mortgages accounted for 10.9% of all sales in December and 10.7% for the year.
Other types of sale. Sales without a mortgage reached 189,360 in December (+42.9% year on year) and 1,319,539 over 2024 (+25.9%). In other words, roughly nine in ten buyers did not use mortgage finance.
New builds versus resales
- First-hand (new-build) sales: 76,629 in December (+49.5%) and 484,461 in the year (+27.6%). New builds made up 36.0% of December sales and 32.8% of the annual total.
- Second-hand sales: 136,008 in December (+55.7%) and 993,564 in the year (+17.4%).
Foreign buyers
Sales to foreign nationals totalled 23,781 in 2024, 32.1% fewer than in 2023, with 2,418 in December. Istanbul led with 8,416 purchases, followed by Antalya and Mersin.
By nationality, the top three were:
- Russia – 4,867 homes (438 of them in December)
- Iran – 2,166
- Ukraine – 1,631
What it means if you are looking at the Riviera
The 2024 data point to an active domestic market while foreign demand cooled. Antalya ranked second for foreign purchases; that province includes the Manavgat district and Side, although TÜİK does not publish separate figures for it. To compare actual listings, browse properties for sale or contact us.
