Turkey's housing market showed strong momentum in April 2026. Total home sales reached 126,808 units across the country. This figure represents a 2.6% increase compared to the same month last year. It was reported as the highest monthly sales volume of 2026 so far. The data was released by the Turkish Statistical Institute, known as TÜİK.
New-build home sales surged by 9.6%, reaching 40,306 transactions in April. Second-hand property sales remained relatively stable with a slight 0.3% decline. The resale segment still dominated the market, accounting for 68.2% of all deals. Mortgage-backed purchases jumped by an impressive 40.5% to reach 25,771 units. This remarkable surge in mortgage activity suggests growing buyer confidence.
Analysts noted that the spring season typically boosts construction and investment activity. The first four months of 2026 saw total sales exceed 476,000 units. However, when adjusted for inflation, real property values have actually declined. Foreign buyers completed 1,516 transactions in April, a modest 1.1% decrease. Russian, Chinese, and Iranian citizens were the top foreign purchasers.
Despite nominal price growth of around 26%, inflation continues to erode real gains. Interest rates remain high, with the central bank holding its benchmark rate at 37%. Economists believe that if rates were lowered further, the market would experience even stronger demand. The housing sector remains a key indicator of Turkey's broader economic health. Investors are watching closely to assess future opportunities and potential risks.