Some 94,000 homes sold in May, market contracts 31 percent
Türkiye’s housing market recorded a sharp slowdown in May, with total home sales across the country falling 31.2 percent year-on-year to 93,333 units, according to data released by the Turkish Statistical Institute (TÜİK) on June 18.
In the previous month, 126,000 homes had been sold, up 2.6 percent compared to the same month of last year. May was the weakest month for housing sales so far in 2026.
Mortgaged home sales decreased 2.8 percent year-on-year to 19,754 units in May.
Home sales to foreign buyers also fell 27 percent compared to the same month of last year, totaling 1,387 units. Russian citizens purchased the highest number of homes in May with 268 units, followed by Iranians with 125 units and Ukrainians with 88 units.
