Emlakjet, one of the leading platforms in the real estate sector, has recently released the February 2025 Real Estate Report. This report delves into the changes in housing prices across Turkey, user surveys, and market expectations.
The February Real Estate Market Report by Emlakjet highlights regional fluctuations in housing prices. In Mersin, prices saw a 5% increase, while Istanbul, Ankara, and Muğla experienced a 3% rise. On the other hand, Izmir, Aydın, Konya, and Adana had a 2% increase, Antalya saw a 1% rise, and there was no change in prices in Bursa.
According to the data from the Turkish Statistical Institute (TÜİK), 112,818 houses were sold in February 2025, marking a 20.1% increase compared to the same period last year. Istanbul led in housing sales with 19,347 units sold, followed by Ankara with 10,791 units and Izmir with 6,899 units. Conversely, the lowest sales were recorded in Ardahan with 24 units, Tunceli with 70 units, and Bayburt with 73 units.
In February, 1,457 houses were sold to foreigners, reflecting a 21.1% decrease compared to the previous year. Istanbul led in foreign house sales with 539 units, followed by Antalya with 503 units and Mersin with 89 units.
Emlakjet’s survey data from February and October revealed significant changes in financing preferences and demand trends for home purchases. The desire to own a home using credit increased by 3 percentage points, reaching 36%. However, 66% of users are not currently considering buying a home. Expectations of a decrease in mortgage interest rates also increased by 7 points, reaching 20%.
Tolga İdikat, CEO of Emlakjet, emphasized the importance of financing conditions in the real estate market, with users prioritizing bank-specific interest rates and income-based payment flexibility. He highlighted the potential impact of mortgage rate fluctuations on market dynamics.
Additionally, the Turkish Statistical Institute announced a 53.83% increase in the Consumer Price Index, which serves as the basis for rental price adjustments in March 2025. Landlords cannot increase rents beyond this rate, ensuring fair practices in the rental market.
Lastly, the article touches upon the option for foreigners to obtain Turkish citizenship through real estate investments, providing readers with valuable insights into the country’s citizenship regulations.
Overall, Emlakjet’s February 2025 Real Estate Report sheds light on crucial trends and developments in the Turkish real estate market, offering both industry professionals and potential buyers valuable insights for informed decision-making.
