Turkey’s July Home Sales Up 12.4% – Positive Outlook for XGMYO

Home sales in Turkey rose to 142,858 units in July 2025, driven by strong demand and mortgage activity. Analysts see the trend as a positive catalyst for XGMYO.

According to the Turkish Statistical Institute (TÜİK), nationwide home sales increased by 12.4% year-on-year and 32.6% month-on-month in July, reaching 142,858 units.

The depreciation of the Turkish lira and persistent inflation have encouraged households to view real estate not only as a necessity but also as a hedge against inflation and a store of value.

Istanbul Leads the Market

In July, Istanbul recorded 23,152 transactions, accounting for 16.2% of total sales. Ankara ranked second with an 8.7% share, followed by Izmir at 5.5%. The province with the fewest sales was Ardahan, with just 58 units sold.

New vs. Second-Hand Home Sales

• New home sales: 43,984 units, up 8% YoY and 31% MoM (share: 31%)

• Second-hand sales: 98,874 units, up 15% YoY and 33% MoM (share: 69%)

MARBAŞ: Mortgage Sales Drive Activity

Brokerage house MARBAŞ noted that mortgage sales surged 60.3% YoY, reflecting both a base effect and expectations of further price increases. Other sales rose 7.6% YoY, continuing to support the market.

First-hand sales saw limited growth, while second-hand properties remained in high demand.

Foreign sales fell 18.6% to 1,913 units, with Istanbul (643), Antalya (642) and Mersin (175) as the top destinations.

MARBAŞ said the ongoing interest rate cut cycle and dividend potential make the outlook positive for XGMYO.

AYİDER/Işık: Lower Prices and Credit Availability Support Mortgages

Hakan Işık, Chairman of the Anatolian Side Association of Contractors (AYİDER), said easing home prices and favorable credit terms were boosting mortgage transactions.

• In the first seven months of 2025, total home sales rose 24.2% YoY to 834,751 units.

• Mortgage transactions jumped 93.2% YoY, highlighting the impact of financing conditions.

• Supply constraints persist due to rising construction costs and labor shortages.

• Lower interest rates, high rental prices and the search for safe assets will continue to support demand.

Source: TÜİK, MARBAŞ, AYİDER

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