Record-Breaking House Sales in Q3
Turkish real estate market has seen record sales in 2017 so far, with 376,365 houses sold in 3rd quarter. The total number of houses sold in 2017 has reached a record high 1,030,728 in Q3.
The house sales in 2017 are projected to exceed 2016 sales which is the current record with 1,341,453 houses. In fact, the increase in sales figures has pumped confidence to the market as early as July, boosting sales for August and September. Each month of Q3 has seen record sales compared to their previous years' same month.
| July | August | September | |
|---|---|---|---|
| 2013 | 106,636 | 84,480 | 102,280 |
| 2014 | 85,101 | 105,624 | 115,786 |
| 2015 | 96,589 | 112,463 | 92,483 |
| 2016 | 81,343 | 114,751 | 108,918 |
| 2017 | 115,869 | 120,198 | 140,298 |
The optimisim in the market was well supported by September sales of 140,298 houses. This is the 3rd best monthly performance after December 2016 (142,713) and December 2015 (142,599).
| #1 | 142,713 | December 2016 |
|---|---|---|
| #2 | 142,599 | December 2015 |
| #3 | 140,298 | September 2017 |
| #4 | 134,666 | December 2014 |
| #5 | 132,655 | November 2016 |
Looking at the yearly performances, 2017 is a very strong candidate to break the record of 1,341,453 houses sold in 2016. Progressively increasing sales figures in Q3 is a very clear indication of what is to come in Q4 and 2017 in general.
| First 3 Quarters (Q1+Q2+Q3) | End of the Year | |
| 2013 | 862,381 | 1,157,190 |
| 2014 | 831,287 | 1,165,381 |
| 2015 | 936,615 | 1,289,320 |
| 2016 | 935,811 | 1,341,453 |
| 2017 | 1,030,728 | - |