- Total house sales fell 9.3% year on year in September, to 142,390 units. January–September sales are down 7.2%.
- The market is shifting toward new homes and mortgage-financed purchases. New sales rose 3.9%, and mortgaged sales rose 5.1%.
- Existing-home sales fell 15.3% in September and 10.0% year to date. This is the main cause of the overall decline.
- Sales to foreigners rose 9.9% in September, but the nine-month total is still down 4.3%.
- Commercial property sales fell 3.8% in September, but new and mortgaged commercial sales both grew.
1. House Sales: The Headline Numbers
| Segment | Sep 2025 | Sep 2026 | Change | Jan–Sep 2025 | Jan–Sep 2026 | Change |
| Total | 156,918 | 142,390 | -9.3% | 1,177,125 | 1,092,919 | -7.2% |
| New | 49,608 | 51,519 | +3.9% | 362,242 | 359,913 | -0.6% |
| Existing | 107,310 | 90,871 | -15.3% | 814,883 | 733,006 | -10.0% |
| Mortgaged | 22,264 | 23,397 | +5.1% | 170,209 | 212,210 | +24.7% |
| Other | 134,654 | 118,993 | -11.6% | 1,006,916 | 880,709 | -12.5% |
Analysis: Over nine months, the market lost about 84,200 transactions compared with 2025. Existing homes account for roughly 81,900 of that loss, representing about 97% of the total decline.
2. Market Composition: New vs. Existing
| Share of Total Sales | Sep 2025 | Sep 2026 | Jan–Sep 2026 |
| New homes | 31.6% | 36.2% | 32.9% |
| Existing homes | 68.4% | 63.8% | 67.1% |
3. Financing: The Mortgage Story
- Mortgaged sales are up 24.7% year to date, adding about 42,000 transactions.
- Non-mortgaged sales are down 12.5%, a loss of about 126,200 transactions.
- Financed buyers accounted for 19.4% of the market in the Jan-Sep 2026 period, up from 14.5% in 2025.
4. Sales to Foreigners
House sales to foreigners increased by 9.9% in September compared to the same month of the previous year and became 2,167 units. This represents 1.5% of total house sales in September.
| Top Nationalities (Sep) | Homes | Share |
| Russia | 388 | 17.9% |
| Iraq | 166 | 7.7% |
| Germany | 162 | 7.5% |
5. Commercial Property
| Segment | Sep 2025 | Sep 2026 | Change | Jan–Sep 2025 | Jan–Sep 2026 | Change |
| Total | 18,028 | 17,345 | -3.8% | 142,798 | 135,543 | -5.1% |
| New | 5,112 | 5,789 | +13.2% | 38,999 | 40,632 | +4.2% |
| Existing | 12,916 | 11,556 | -10.5% | 103,799 | 94,911 | -8.6% |
| Mortgaged | 496 | 683 | +37.7% | 3,730 | 6,035 | +61.8% |
Realty Homist Market Commentary
The Turkey property market in Q3 2026 is a selective, cooling buyer’s market. While nominal prices continue to climb, reaching an average national price of roughly 5.311 million TRY (approx. 42,488 TRY/sqm), high inflation means real-term prices have declined.
Liquidity & Foreign Investment: The market is still struggling with liquidity issues. Foreign purchases remain subdued and highly selective, with demand driven almost entirely by domestic buyers tackling deferred housing needs.
Interest Rates: Mortgage rates are currently not favorable for property investment, with interest rates hovering around 40% according to TCMB. Consequently, cash sales and developer financing dominate the few transactions taking place.
Geopolitical Impact: The aftermath of the US-Iran conflict in energy markets continues to affect neighboring countries like Türkiye, adding to economic uncertainty.
Inflation: Inflation remains high, though it dropped to 29.73% in September. This environment has granted patient buyers increased purchasing power as real housing values fall.
FAQ
How many houses were sold in Türkiye in September 2026? 142,390 units, down 9.3% year on year.
How many houses were sold to foreigners? 2,167, up 9.9% year on year and 1.5% of total sales. Russia (388), Iraq (166) and Germany (162) led.
What share of sales used a mortgage? 16.4%, or 23,397 sales, up 5.1% year on year.
When is the next TurkStat release? November 17, 2026.
Source: Turkish Statistical Institute (TurkStat), House and Commercial Property Sales Statistics, September 2026. The next release is due on 17 November 2026.
Methodology: All figures are from TurkStat’s September 2026 release. Implied differences are calculated from published numbers.
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