Year-on-year house sales in Turkey leapt 113.7% in December, official data showed on Friday, accelerating the surge a month earlier as locals opted to invest in real estate as a shield against rising inflation.

Some 226,503 changed hands last month, the Turkish Statistical Institute (TurkStat) said, up from 178,814 units in November that marked a 60% year-over-year increase.

Monthly, annual record in sales to foreigners

Property sales to foreigners jumped 77% year-on-year to 7,841 properties in December, the data showed, as the lira decline made purchases much cheaper in hard currencies.

It marked an all-time monthly high after exceeding the previous record set in November.

Property sales to foreign buyers were strong throughout the year and had exceeded the annual threshold of 50,000 units for the first time through November even before the year-end.

Sales to foreigners accounted for 3.9% of all housing sales and ended 2021 with a 43.5% year-over-year increase to hit 58,576 units, the data showed.

Source: Daily Sabah/TurkStat

Buy a Turkish property with Turkey Homes

If you’re thinking about buying a Turkish property and want to know more, Turkey Homes, founded by Tolga Ertukel, have more than 20 years of experience selling Turkish property to a global audience.

With a head office in London, and branches throughout Turkey, including Istanbul, Antalya, Fethiye and Bodrum, they have helped many overseas buyers find their dream homes by offering a comprehensive property buying service.

Detached 5-bedroom villa -800m from the beach in Çalış – £347,434

The Turkey Homes team are pleased to present this lovely 5-bedroom private villa in Çalış for sale with a large corner plot, private parking, sauna and a private swimming pool – perfect for holidays or year-round living. The villa is 800m from the beach, within easy reach of Çalış centre, has ample local amenities and offers great views of the mountains. An ideal Fethiye investment property.

Full details of this property can be found here:

Contact Turkey Homes today for more details and our dedicated Fethiye team of Turkey property advisors will answer all of your Fethiye real estate questions, offer you objective advice and will be on hand to guide you through every step of the Turkey real estate buying process.

Browse the Turkey Homes portfolio of property for sale in Turkey here: Each listing contains everything, including price, location, home features and arranging a home viewing in Turkey.

This is a sponsored advertisement in association with Turkey Homes.