Analysis of the Turkish Real Estate Market in 2025: What Do November Figures Reveal?

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Real estate sales statistics in Turkey for 2025 represent a key indicator of market performance, combining seasonal fluctuations, structural changes in demand, and long-term trends. Data released by the Turkish Statistical Institute (TÜİK) show strong market dynamics despite some monthly declines, reflecting the sector’s ability to adapt and grow both locally and internationally.

Overall Real Estate Sales Performance in November 2025

In November 2025 alone, a total of 141,100 residential units were sold across Turkey, representing a decline of approximately 7.8% compared to the same month of the previous year. This decrease does not indicate overall market weakness; rather, it points to a temporary seasonal slowdown in purchasing activity toward the end of the year.

Despite this monthly decline, cumulative data for the period January–November show a strong positive trend, with total home sales exceeding 1.43 million units, marking an annual increase of more than 13%.

Why Did Sales Slow Down in November?

Several factors help explain the monthly decline:

  • Typical seasonal fluctuations at year-end
  • Temporary economic pressures and changes in interest rates
  • A decline in demand from foreign buyers compared to earlier periods

Nevertheless, domestic demand remains strong and continues to drive overall annual growth.

Market Structure: New vs. Second-Hand Homes

Recent market data indicate the following:

  • Second-hand home sales continued to dominate total transactions.
  • New home sales recorded a slight monthly decline but remain within levels that support annual growth.

This structure highlights the tendency of local buyers to favor existing properties, which are often more suitable for immediate occupancy.

Mortgage Financing and Its Role in Market Growth

Despite the slowdown in certain sales segments, mortgage-backed transactions have increased notably in recent months, signaling a gradual return of bank financing as a key driver of demand.

This rise in financed sales contributes to greater market transparency and supports residential mobility.

Impact on Real Estate Investors

Current figures reveal several important insights for investors:

  • Domestic demand remains strong and resilient despite short-term pressures
  • The overall market in 2025 is larger than in 2024 in terms of transaction volume
  • Improved financing policies have helped expand the buyer base
  • The decline in foreign sales may indicate a shift in foreign investor behavior, with greater emphasis on local buyers

Key Takeaways for the Future

Expert forecasts suggest that the Turkish real estate market in 2025 continues to rest on solid growth fundamentals, particularly due to:

  • Rising demand in major cities such as Istanbul, Ankara, and Izmir
  • Sustained housing demand from local households
  • The potential return of foreign demand as economic policies improve

This confirms that Turkey remains an attractive destination for both housing and real estate investment in the medium to long term.

Conclusion

Based on November 2025 data:

  • There is a temporary seasonal slowdown in monthly sales
  • However, annual demand remains strong and upward trending
  • The market benefits from a combination of stable domestic demand and flexible financing options

All of this confirms that the Turkish real estate market continues to maintain its investment appeal, even amid broader macroeconomic shifts, offering solid opportunities for both buyers and investors.

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