Turkey Breaks Property Market Record as Real Estate Sales Near 2.9 Million

Turkey’s property market has reached a landmark milestone this year, with nationwide real estate transactions soaring to nearly 2.9 million between January and November, marking a 7.6% year-on-year increase. According to data compiled by AA from the General Directorate of Land Registry and Cadastre (TKGM), this performance represents the highest January–November figure ever recorded in the country’s history. The previous record was set in 2022 with 2.825 million sales, but 2025 has now surpassed it decisively.

This unprecedented level of activity spans residential properties, land plots, agricultural fields, business premises, and commercial assets, indicating strong and sustained demand across all major real estate categories. The momentum that began early in the year extended through much of 2025, supported by ongoing urban transformation, investment appetite, and demographic drivers.

Monthly Trends Reveal Fluctuations but Momentum Remains Strong

While the overall trajectory has been upward, monthly data highlight subtle shifts in buyer behavior.
Real estate transactions performed strongly in January, February, April, May, June, July, August, and September when compared with the same months of 2024. However, March, October, and November showed modest declines, suggesting periodic slowdowns tied to financing conditions, economic adjustments, or seasonal patterns.

The monthly breakdown of national property sales is as follows:

• January: 238,938

• February: 232,756

• March: 222,934

• April: 237,829

• May: 263,643

• June: 218,282

• July: 284,852

• August: 290,564

• September: 300,687

• October: 310,457

• November: 273,295

Although November sales dipped 8.6% year-on-year, the market’s cumulative performance far outweighed isolated monthly decreases, underscoring steady national demand.

January–November: A Record-Breaking 2.874 Million Transactions

Across the first 11 months of the year, Turkey recorded 2,874,237 real estate sales, setting a new all-time high for the period. The combination of urban redevelopment, expanding metropolitan zones, and investor interest has reshaped the country’s real estate landscape, making 2025 a standout year.

The scale of activity places Turkey among the most dynamic property markets in its region, with buyers maintaining strong engagement despite fluctuating economic indicators.

Tapu Offices Process Over 18 Million Transactions

Alongside sales, land registry offices nationwide processed more than 18.4 million total transactions from January through November. This figure spans a wide range of official procedures associated with property ownership and management.

The breakdown of tapu (land registry) transactions includes:

• Sales: ~2.9 million

• Mortgages: over 1.2 million

• Inheritance transfers: 446,000

• Corrections: 157,000

• Expropriations: 62,300

• Partitioning: 48,300

• Donations: 34,000

• Mergers: 27,900

• Divisions: 26,100

• Other transactions: nearly 13.4 million

This enormous workflow reflects both the depth of the property market and the diverse administrative needs of homeowners, businesses, and public institutions.

Tapu Revenues Jump Nearly 74%

The financial impact of these transactions has also been significant.
During the same period, land registry fee revenue surged by 73.7%, reaching 139.17 billion TL.
Of this amount, 133.1 billion TL came directly from property sales, illustrating how transaction-driven income has become a critical component of administrative revenue streams.

The rising revenue aligns with increased property values, more frequent transactions, and broader participation in the formal market. As urban renewal and new development zones continue expanding, these fiscal dynamics are expected to remain influential.