Housing sales in October dropped significantly compared to last year. Beylikdüzü in Istanbul, Çankaya in Ankara and Osmangazi in Bursa were the most popular locations.
While housing sales decreased by 8.7 percent to 93 thousand 761 in October compared to the same period of the previous year, it decreased by 14.3 percent in 10 months to 993 thousand 835.
While mortgaged house sales across Turkey decreased by 58 percent to 5,577, the share of mortgaged sales in total decreased to 5.9 percent.
Rental prices have decreased.
While there was no increase in sales prices across Turkey in October compared to the previous month, rental housing prices decreased by 4 percent. There was a 4 percent decrease in rental prices in the previous month. The trend of searching for houses for rent and sale increased in favor of houses for sale in October, and 56 percent of the searches were for houses for sale and 44 percent for houses for rent.
While Istanbul ranks first among the cities where most housing is sought, in October, housing prices for sale in Istanbul decreased by 1 percent and rentals decreased by 3 percent compared to the previous month.
Most popular districts
In the top 10 most searched houses, the prices of houses for sale decreased in 4 cities and rental houses decreased in 6 cities. The province where rents decreased the most was Antalya with 6 percent. Beylikdüzü was the leader in the housing search ranking among districts, followed by Çankaya and Bursa Osmangazi.
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