The number of real estate properties sold in January and February in Turkey broke records, reaching 471,694.

Starting the new year with a bang, sales of all types of real estate such as houses, land, business premises, and commercial properties maintained their momentum into February. Real estate sales in January increased by 20.2 percent compared to the same period in 2024, reaching 238,938, while February sales increased by 7 percent, totaling 232,756. When looking at the first two months together, it was observed that real estate sales increased by 13.2 percent to 471,694.

This data marked the highest January-February figure of all time.

When considering the January-February periods, the previous highest sales figure was in 2023 with 419,894. In the first two months of 2020, 418,414 real estate properties were sold. WILL DEMAND FOR HOUSING CONTINUE? Industry representatives noted that particularly the decrease in real housing prices and the decrease in amortization periods continued to boost sales, as the demand that started to move in the second half of last year persisted. Representatives also mentioned that a significant portion of investors wanted to invest their gains from areas such as gold, foreign currency, and Stock Exchange Market in real estate and that citizens who expected interest rate cuts were trying to act quickly.

REVENUE FROM TITLE DEEDS INCREASED BY 73% IN TWO MONTHS Real estate sales records also reflected in the revenue from title deed fees. In the January-February period, 3,208,031 transactions were performed at the title deed offices. Approximately 472,000 of these were sales, 229,000 were mortgages, 73,000 were transfers, 21.4 thousand were corrections, 11.4 thousand were expropriations, 9.7 thousand were separations, and 4.8 thousand were mergers. Other transactions were close to 2.4 million. The revenue from transactions performed at the title deed offices in the first two months increased by 73.3 percent, reaching 18.982 billion Turkish liras.