As of the End of February, Housing Sales Increased by 17.3% Compared to the Same Period of the Previous Year
TUIK February housing data has been announced. 93,902 houses were sold in February 2024. While the number of housing sales in February 2024 was 93,902 units, there was an increase of approximately 17.3% compared to the number of sales of around 80,031 units in February 2023.
Evaluating the data, EVA Real Estate Valuation General Manager Cansel Turgut Yazici said, “When we look at the housing sales in February 2024, we see that 93,902 houses were sold. There was an increase of approximately 17.3% compared to the sales of around 80,031 units in February 2023.
If we make the comparison as of the end of February; As of the end of February 2024, 93,902 houses were sold. When we compare the two years, there was an increase of approximately 17.3% this year compared to the same period in 2023. If we compare the same period in 2023 as of the end of February 2024, there was a decrease of approximately 18% in 2023.
Mortgaged house sales decreased by 49.14% in February compared to the same period of the previous year
Mortgage sales were announced as 8,827 units in February 2024, decreasing by 49.14% compared to the same month of the previous year. In February 2024, the share of mortgage sales in total housing sales was 9.40%. When we look at the end of February 2024, total mortgage sales decreased by approximately 49.14% compared to mortgage sales in the same period of 2023. When we look at the end of February 2024, total mortgage sales decreased by approximately 12.73% compared to mortgage sales in the same period of 2023.
As of the end of February 2024, the rate of mortgage sales in cumulative housing sales was around 9.40%. In February 2023, this rate was at 21.69% due to the same effects.
28,594 houses changed hands for the first time in February 2024
The share of new house sales was 30.45%
Another important data is the first sales, new house sales in February 2024 were announced as 28,594 units, increasing by 21.8% compared to the same month of the previous year. In February 2024, the share of new home sales in total housing sales was 30.45%.
The biggest factor in the decreasing housing sales in the new is the decrease in the amount of stock in the new house production, that is, the decrease in the newly built houses. Although the percentage of sales in total sales was similar to previous years, new house sales were also affected by the decrease in absolute value in sales figures.
Cumulative new house sales as of the end of February 2024 were announced as 28,594, increasing by 21.80% compared to the same period of the previous year. As of the end of February 2024, the rate of new sales in total housing sales remained around 30.45%. In the same period of 2023, this rate was 29.33%.
How has the situation changed in metropolitan cities?
If we look specifically at Istanbul, Izmir and Ankara; As of the end of February 2024, it is seen that cumulative housing sales decreased by approximately 8.1% in Istanbul, 11.9% in Ankara and 6.3% in Izmir compared to the same period in 2023.
Housing sales to foreigners decreased by 44.90% in January compared to the same month last year.
Housing sales to foreigners were announced as 1,846 units in February 2024, decreasing by 44.90% compared to the same month of the previous year. As of the end of February 2024, the proportion of the cumulative number of houses sold to foreigners in total sales is 2.2%. In the same period of 2023, this rate was 4.2%.
In February 2024, Antalya took the first place with the sale of 659 houses. Antalya was followed by Istanbul with 691 house sales and Mersin with 151 house sales. In February 2024, Russia again ranked first in housing purchases. In February 2024, Russia ranked first in the country rankings with the number of house sales of 395. Iran came second with 200 house sales and Ukraine came third with 105 house sales.
Source: Emlakdergisi / Prepared by Irem Yildiz