Real estate sales in Turkey - July 2020

The honest and accurate economic vision about real estate sales in Turkey can be obtained from reading the numbers and statistics for this investment sector, the promise in Turkey, "the real estate sales sector." 

The editorial team at Fanar Realty has prepared a detailed report with numbers and economic analysis of the real estate market in Turkey on the volume of real estate sales In Turkey during the month of July 2020 as part of our comprehensive reading about the real estate market in Turkey and its challenges in the current and future period

Good follow-up and enjoyable reading, we wish you

​​Real estate sales volume in Turkey - July 2020

The value of real estate sales in Turkey amounted to more than 73.5 billion Turkish liras in July of the year 2020, and this volume of sales is one of the most important signs of the recovery of the real estate sector in Turkey in a remarkable way. 

Due to the spread of the Coronavirus and the application of strict government measures in this regard, the volume of real estate sales in April and May decreased by nearly 50% compared to the statistics of the same months last year. 

But on the other hand, this deficiency was compensated by the increase in the volume of real estate sales in Turkey during the months of June and July by 156%. 

Real estate sales increased more in the states of Istanbul, Ankara, and İzmir, but in terms of real estate sales volume, Mugla had the highest sales volume.

Istanbul is at the forefront of real estate sales

Istanbul has always had its distinguished position. This promising Turkish state recorded the largest number of properties sold during this month, as about 39,432 properties were sold during this month, at an average of 1,314 houses per day. 

The volume of real estate sales in Istanbul during this month amounted to more than 17.5 billion Turkish liras. (About 2.3 billion US dollars) The average property price in Istanbul was estimated at more than 445,000 Turkish liras, or more than 60 thousand US dollars.

The most expensive Turkish real estate in Muğla

As for the state of Mugla, which has a charming tourist nature, and is known for its vitality at all economic levels, especially the real estate sector, real estate investment in Mugla is of great importance at the level of tourism in the first place. 

The volume of real estate sales in Mugla in July 2020 amounted to about 2.2 billion Turkish liras (about 298 million US dollars). 

The number of real estate sales in Mugla during this month reached about 3,237 properties, an average of 108 houses sold per day. 

The average price of a property in Mugla during this month was estimated at between 677,000 to 760,000 thousand Turkish liras (from 91,400 to 103,000 US dollars), which is about twice the average price of a property in Turkey.

The volume of real estate sales in the Turkish states - July 2020

In this paragraph, we will discuss three main points:

• Number of real estate sales

• Real estate sales volume

• Average property price

This is for all Turkish states, according to the statistics of Endeksa Agency, which specializes in real estate market news in Turkey and the latest economic statistics and analysis.

The number of real estate sales sold in the Turkish states

The total number of real estate sales in Turkey during this month amounted to about 226,584 properties, i.e. an average of 7,553 properties sold per day. In the following table, we have prepared for you a statistic of the number of properties sold in all Turkish states with the average daily sales during July 2020:

The volume of real estate sales sold in the Turkish states

The value of real estate sales in all Turkish states amounted to about 73.5 billion Turkish liras during July 2020, distributed in the following manner to all Turkish states:

The average price of a property in Turkey for the month of July 2020

Real estate prices in Turkey have varied widely, especially when comparing all Turkish states. In the following table, the differences between the average real estate prices in different states in Turkey can be noted:

Real estate prices in Turkey from Fanar Realty

We at Fanar Realty offer you the best real estate offers, at very competitive prices, which can be divided as follows:

• Fanar realty prices start from 50 thousand US dollars

• The average price of the property from Fanar: 120-150 thousand US dollars for family properties, because we sell you real estate in the finest residential complexes with perfect services and high-quality features such as earthquake-resistant engineering design, heat-insulated buildings, charming views, and other advantages that increase your comfort after buying a property in Turkey

• In order to obtain Turkish citizenship, the total price of the Turkish real estate you own must be equal to at least 250 thousand US dollars, and we have offers of this kind with full Turkish citizenship services.

Source: Endeksa Turkish Agency