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Record-Breaking House Sales in Q3


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.

Q3 Sales History
  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).

Highest Monthly Sales
#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 -

 

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