Konutder President Ramadan Kumova evaluated the January 2025 Housing Sales Statistics announced by TÜİK today.
Although house sales across Türkiye increased by 2025% in January 39,7 compared to the same month of the previous year, reaching 112, they decreased by 173% compared to December 2024.
Our people, who turned the real decline in housing prices into an opportunity in the last 2024 months of 6, activated the market, but this 6-month increase trend ended in January and sales decreased by 47,2% in one month, from 212 units to 637. Although 112 started with a decline, we think that 173 has made a better start when the low performance in the first half of 2025 is taken into account. However, the necessary steps should be taken for housing sales to reach ideal levels and to meet the need, and interest rates should be reduced to 2024%.
In January 2025, first-hand housing sales were realized as 1 thousand 32, while the number of units decreased by 785% compared to December 2024. It increased by 57,2% compared to January 2024. On the other hand, sales of second-hand houses were realized as 29,8 thousand 2, while the number of units decreased by 79% compared to December 388. However, an increase of 2024% was recorded compared to January 41,6.
The number of sales on credit (mortgage) in Turkey decreased by 2024% compared to December 28,1 and although there was an increase of 182,8% compared to January of last year, there is a downward trend. On the other hand, the share of sales on credit in total housing sales was 14,9%. Considering ideal market conditions, sales on credit rates continue to be low and in healthy market conditions, the sales on credit rate should be around 50%.
The decline in housing sales to foreigners continues. Housing sales to foreigners decreased by 2024% compared to December 36 and decreased by 24,9% compared to last year.
When all these figures are considered, although a decline is observed in January compared to December, the sector has made a better start to the new year compared to 2024. Developments such as the steady reduction of interest rates to 1% without slowing down and the eagerly awaited social housing initiatives are of critical importance for the rest of 2025.
