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The value of residential real estate transactions in Turkey increased by almost 30 billion U.S. dollars between 2017 and 2023 and was forecast to continue to rise until 2028. According to data by Statista Market Insights, the value of home sales amounted to 45.88 billion U.S. dollars in 2023. By 2028, this figure was forecast to reach 77.62 billion U.S. dollars. Turkey is one of the 20 countries with the highest value of residential real estate transactions.

Value of residential real estate transactions in Turkey from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars)

Characteristic	Transaction value in billion U.S. dollars
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Supplementary notes

Data provided by Statista Market Insights are estimates.

* forecast value

Definition:

Residential real estate transactions refer to the buying, selling, or transfer of ownership of residential properties such as single-family homes, condominiums, townhouses, and apartments. These transactions involve a number of steps and parties, including buyers, sellers, real estate agents, attorneys, lenders, and title companies.

Additional information:

The KPIs covered in this market are the real estate transactions revenue and the average revenue transaction value.

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