The Turkish real estate market witnessed remarkable activity during the first quarter of 2025, achieving record-breaking sales from January to March, with notable increases across various property types, including homes, lands, commercial, and agricultural properties.
Monthly Sales Growth
The year 2025 started strong, with real estate sales rising by 20.2% in January compared to the previous year, reaching 238,938 transactions. Growth continued in February, with a 7% increase, amounting to 232,756 transactions. However, March saw a slight decline of 0.8%, recording 222,934 transactions.
Record for the First Quarter
With a total of 694,628 sales during the first quarter, the market saw an 8.3% increase compared to 2024, marking the highest number recorded for this period. The decline in interest rates played a key role in boosting sales.
Significant Rise in Title Deed Revenues
Nearly 4.8 million transactions were conducted at title deed offices during the first three months, including 695,000 sales transactions, 344,000 mortgage transactions, and 106,000 ownership transfers. Consequently, fees revenue increased by 72.5%, reaching 28.8 billion Turkish Liras.
Investors’ Expectations
According to Mustafa Ekiz, head of the Real Estate and Construction Platform, residential properties played a major role in this activity, driven by lower interest rates, higher property prices, and increased rental demand. He noted that many investors who benefited from gold profits saw promising opportunities in residential properties. If interest rates remain low, summer could witness new record-breaking sales.
Revival of Deferred Demand
On the other hand, Ismail Ozcan, head of the Association of Real Estate Marketing and Sales Professionals, highlighted that deferred demand moved significantly during this quarter. He added that there is a growing trend of converting savings from foreign currency investments into real estate. He further predicted that lower interest rates would encourage the middle class to enter the residential real estate market, potentially surpassing last year’s sales figures.
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