Real Estate

Nearly 3.5 million real estate sales transactions were made last year in Turkiye

Last year, 3 million 434 thousand 389 real estate sales transactions were made in Turkiye, and a title deed fee income of ₺41 billion 555 million 205 thousand 953 was obtained.

According to the information received from the officials of the General Directorate of Land Registry and Cadastre of the Ministry of Environment, Urbanization and Climate Change, 436 thousand 721 real estate sales transactions were made in December 2022, and ₺6 billion 411 million 106 thousand 486 of land registry fee income was obtained.

193 thousand 402 of the transactions were residences, 71 thousand 19 were land, 116 thousand 687 were fields, 24 thousand 879 were workplaces and the rest were other immovables.

Compared to November, when 292 thousand 493 real estate sales were made last month, the number of real estate sales transactions increased by 49%.

In the January-December 2022 period throughout the country, 3 million 434 thousand 389 real estate sales transactions were made and ₺41 billion 555 million 205 thousand 953 title deed fee income was obtained.

Istanbul is in the first place

Among the top 10 cities with the highest number of sales transactions, Istanbul ranked first with 416,717 sales.

Istanbul was followed by Ankara with 214 thousand 53, Izmir with 169 thousand 987, Antalya with 131 thousand 838, Bursa with 124 thousand 190, Konya with 107 thousand 355, Gaziantep with 85 thousand 615, Kocaeli with 85 thousand 290, Balikesir with 84 thousand 921 and Tekirdag with 83 thousand 983.

The General Directorate of Land Registry and Cadastre had made 2.5 million real estate sales in 2019, 2 million 750 thousand in 2020, and 3 million 20 thousand 416 real estate sales in 2021. In 2021, ₺24 billion 319 million of fee income was provided.

Source: Trthaber / Translated by Irem Yildiz

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