Turkey’s June housing market gained credit momentum, with mortgage-backed home sales rising 72.1 percent from a year earlier to 25,993 while inflation still eroded real price gains.<\/p>\n
TurkStat-linked reporting showed January-June mortgage-financed sales up 32.2 percent to 142,794. That matters because cash-only demand had previously carried much of the market while borrowing costs constrained households.<\/p>\n
Foreign purchases rose 20.1 percent year on year to 2,015, the first annual increase since late 2025. Russians remained the largest buyer group, followed by Ukrainians and Iranians.<\/p>\n
The residential property price index rose 24.5 percent annually in June, but inflation-adjusted prices still declined 5.8 percent. Istanbul’s nominal annual growth was about 25.3 percent, so sellers may feel stronger than real returns suggest.<\/p>\n
Turkey’s next signal is whether mortgage demand survives through summer. Istanbul buyers should separate nominal price increases from real affordability and compare foreign-demand districts with local-credit districts.<\/p>\n
For Turkey, the practical check is whether this local signal is visible in signed contracts, bank approvals, registered transfers, lease negotiations, completed works or enforceable public rules. Buyers should compare TurkStat, Istanbul, mortgage sales with title documents, service charges, financing terms, physical condition and realistic exit demand before treating the latest news as a price guarantee.<\/p>\n