May witnesses a surge in home sales by 17.6%, reaching 130,000 units
Ankara's hot housing market saw a staggering 17.6% increase in home sales last May, according to data from Turkey's Statistical Institute. The figure reached a whopping 130,000 units[2][5], with the five-month period from January to May 2025 witnessing an astounding expansion of 25.4% year-on-year[2].
Istanbul retained its status as the country's hottest property market, recording 22,103 home sales in May[2]. Ankara followed closely behind with 11,975 units sold, outpacing tourism hotspot Antalya's 7,817 sales[2]. However, the buzz surrounding foreign nationals buying properties in Turkey took a turn for the worse. Foreign home sales plummeted by 13.7% for the January-May period, with only 7,789 units sold to foreigners[2].
Analysis of the sales data reveals that Russians, Iranians, Germans, and Ukrainians led the way as foreign buyers, with 274 homes purchased in Turkey by Russians alone last month[2]. Despite the decline in foreign sales, domestic demand appears to be driving Ankara's housing market growth like a bulldozer, pushing the city up the property ladder. Time to secure that dream property while the market's hot, folks!
In the context of Ankara's booming housing market, foreign investment in real-estate sectors seems to be decreasing, with a 13.7% drop in foreign home sales from January to May 2025 [2]. However, domestic demand remains robust, fueling the city's growth in the housing market, potentially making it an attractive destination for investing in the local housing market or real estate.
