According to TÜİK data, home sales fell 14.7% year on year in August; resales dropped sharply while mortgaged (credit-financed) sales rose 7.2%.
The Turkish Statistical Institute (TÜİK) published its August 2026 housing and commercial property sales statistics on 17 September. Across Turkey, 127,410 homes changed hands in August. That is a 14.7% decline from the same month last year and a 3.1% increase from the previous month.
New versus resale homes
The weight of the decline is in the resale market. In August, resale home sales fell 19.4% year on year to 83,032 units and made up 65.2% of total sales. Sales of new (first-hand) homes fell 4.5% to 44,378 units, with a share of 34.8% in the total.
- Total sales: 127,410 (-14.7% year on year)
- New homes: 44,378 (-4.5%)
- Resale homes: 83,032 (-19.4%)
- Mortgaged: 22,131 (+7.2%)
- Other sales: 105,279 (-18.3%)
Credit-financed sales are rising
Despite the overall decline, mortgaged (credit-financed) sales continued to rise. In August, 22,131 homes were sold with a mortgage, a 7.2% increase year on year. In the January-August period, mortgaged sales reached 188,813, up 27.6% from the same period last year. "Other sales," made in cash or without a loan, fell 18.3% in August.
In the first eight months of the year, total home sales came to 950,529 units. This is 6.8% lower than the 1,020,207 sales in the same period last year. Over the same period, new-home sales fell 1.4% and resales fell 9.2%.
A look by province
In August, Istanbul was the province with the most home sales, at 20,426 sales and a 16.0% share. Ankara followed with 8.5% and İzmir with 5.1%; the three largest provinces made up roughly 30% of total sales. The province with the fewest sales was Hakkari, with 68 homes. Detailed figures for other provinces, including Balıkesir, are available in the tables on TÜİK's data portal.
In the same month, commercial property sales fell 6.4% to 15,937.
What does it mean for buyers and sellers?
The data show that the number of transactions is down from last year, while the share of buyers using a loan has grown. For sellers, this may mean a period in which buyers depend more on loan approval and the appraisal process; pricing a listing close to its appraised value speeds things up. For buyers, the drop in the number of transactions may offer an environment with time to negotiate. For those planning to buy or sell a home in the Edremit Gulf, the year-on-year decline in resales is also an indicator worth watching.
A caution when reading the data
TÜİK's housing sales statistics show the number of sales transactions completed at land registry offices; they say nothing about sale prices or price per square metre. A drop in the number of sales therefore does not by itself mean prices are falling. To follow the price trend, you need to look at the CBRT's monthly House Price Index, and for the regional rent trend, at the New Tenant Rent Index. Monthly figures are also affected by seasonality: the summer holiday period, religious holidays and the number of working days can change the number of sales. For this reason, the year-on-year comparison and the January-August total give a more reliable picture than the figure for a single month. September data is expected to be released in October.
