Business · Economy · 6 hrs ago
Turkey Home Sales Fell 7.1% as Mortgage Purchases Rose
In Turkey, home sales fell 7.1% in the first nine months of 2026 compared with the same period a year earlier.
A total of 1.09 million homes were sold, down from about 1.18 million.
But mortgage-backed sales rose 24.7% to 212,210, even as overall sales declined.
Their share of all home sales grew from 14.5% to 19.4%, while sales made without mortgages fell 12.5%.
The decline was mainly in second-hand homes, whose sales fell about 10%, while first-hand sales edged down 0.6%.
In September, sales were up 11.8% from August but down 9.3% from a year earlier.
Turkey recorded 1,092,919 home sales in January-September 2026, down 7.1% from the same period a year earlier.
Mortgage-financed home sales rose 24.7% to 212,210, while other types of sales fell 12.5%.
In September, 142,390 homes were sold, 9.3% fewer than in September 2025 but 11.8% more than in August.
Second-hand home sales fell 10% in the first nine months, while first-hand sales slipped 0.6%.
- Who
- Home buyers and sellers in Turkey; figures are from the Turkish Statistical Institute (TÜİK).
- What
- Home sales fell 7.1% in January-September 2026, while mortgage-financed sales rose 24.7%.
- When
- January-September 2026, with September sales also reported.
- Where
- Turkey.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Turkey recorded 127,410 home sales.
Home sales rose to 142,390, up 11.8% from August but down 9.3% from September 2025.
Turkey recorded 1,092,919 home sales, down 7.1% from the same period a year earlier.
- Total home sales, Jan-Sep 2026
- 1,092,919
- Annual change in total home sales
- Down 7.1%
- Mortgage-financed sales, Jan-Sep 2026
- 212,210, up 24.7%
- September home sales
- 142,390, down 9.3% year on year
- Second-hand sales, Jan-Sep 2026
- 733,006, down 10%