September real estate data: The most popular regions and neighborhoods for home searches are...

Turkey released real estate data for September, with residential sales down 9.5% year-on-year to 102,656 units and a 14.9% decline from January to September to 900,074. Mortgage sales nationwide fell 50.2% in September to 8,446. The share of sales with mortgages amounted to 8.2% of the total.

In September, residential real estate prices in Turkey increased by 4%, while rents decreased by 4%. In the housing search, the most searches were for sales, not rentals. The most popular cities to look for accommodation were Istanbul, Izmir and Ankara.

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The survey showed that 48.4% of participants are looking for rental housing, while 23.3% are looking for land. When buying real estate, 52.5% of respondents pay attention to the price and return on investment, while 63.5% prefer to create their own home. The investment opportunity was chosen by 31.4% of the interviewees.

The chief executive of Emlakjet, Tolga Idikat, said the decline in residential real estate sales in Turkey in September was due to high interest rates on loans, and low interest loans could boost sales and revitalize the market. Şerife Çolpan, a member of Emlakjet Prestige Plus, also said that low interest rates on home loans will lead to a boost in the real estate market and increase demand due to high rental prices.