Mortgaged Home Sales in Türkiye Surge 35.9% in March 2026 Amid Cooling Foreign Demand

Mortgaged home sales in Türkiye rose by 35.9% in March 2026, reaching 25,978 units, according to data from the Turkish Statistical Institute (TÜİK). This sharp increase in credit-backed home purchases occurred even as overall foreign demand for property in the country declined. Meanwhile, non-mortgaged home sales fell by 9.6% year-on-year, signaling a shift in buyer behavior toward greater reliance on bank financing. The surge in mortgaged transactions reflects a broader trend in the domestic housing market, where buyers are increasingly using loans rather than cash to secure homes. This trend is also evident in the commercial real estate sector, where mortgaged workplace sales jumped by 60.1% despite a 5.4% drop in first-hand and 12.3% decline in second-hand sales.