Record January and February property sales in Turkey

Recently released data from the Turkish government has shown that Turkey as set a new record for total number of property sales recorded in the January – February period of 2025, compared to any previous years.

471,694 properties sold in two months

The total number of real estate transactions in Turkey during the January – February period of 2025 totalled 471,694. This was a 13.2% increase on the same period of 2024 and a new record for the country. This included residential properties, commercial properties, land, and agricultural land.

In January, 238,938 property transactions were recorded, while in February 232,756 real estate purchases were noted. This marked a 20.2% increase for January and a 7% increase for February compared to last year.

The previous high for sales during the January and February period was recorded in 2023 when 419,984 sales were made. Before that, the first two months of 2020 saw 418,414 properties sold throughout the country.

Increased revenue from Property Transfer Fees

With record sales comes record revenue. Revenue obtained from Property Transfer Fees during the first two months of 2025 increased by 73% compared to the same period last year, reaching 18.98 billion Turkish Lira.

According to information from the Land Registry, 3,208,031 transactions were recorded in January and February. This included: 472,000 sales, 229,000 mortgages, 73,000 inheritance transfers, 21,000 corrections, 11,400 expropriations, 9,000 separations, and 5,000 mergers.

Why are property sales increasing in Turkey?

The Turkish real estate market is currently in a ‘Buy Zone’ where prices are low, and options are plentiful. Demand for properties has started to climb and according to experts, a new wave of investment is expected to occur from the second half of 2025 as prices start to rise again.

The government has reduced interest rates for three consecutive months. As a result, many Turkish citizens, who had previously allocated their investments to high-yield savings accounts, are now shifting their capital towards traditional assets such as real estate.