BAKU, Azerbaijan, July 24. Türkiye's
mortgage-backed home sales increased 72.1% year-on-year in June
2026 to 25,993 transactions, raising the share of mortgage
purchases in total home sales to 20%.
This is reflected in the statistics published by the Turkish
Statistical Institute (TÜİK).
Other home sales, including cash and non-mortgage transactions,
increased 7.1% year-on-year to 103,986 units. Mortgaged commercial
property sales rose 86.7% to 745 transactions, while other
commercial property sales increased 17.2% to 15,820 units.
Trend's analysis
shows that the growth in mortgage-backed home sales reflects a
gradual recovery in Türkiye's housing credit market after a period
of tighter financial conditions. However, the 72.1% annual increase
should also be viewed in the context of the relatively lower base
recorded a year earlier, when high borrowing costs limited demand
for mortgage financing.
Despite the strong annual growth rate, mortgage transactions
accounted for 20% of total home sales, indicating that
credit-supported purchases remain below the levels observed during
periods of stronger mortgage activity. The current recovery
suggests improving conditions in housing finance, while the pace of
expansion continues to depend on borrowing costs, inflation trends
and household confidence.
The broader sales structure indicates that the improvement was
not limited to mortgage-backed transactions. Growth in non-mortgage
home sales by 7.1% also points to wider activity in the residential
property market, supported by demand from buyers using alternative
financing sources or existing capital.
The commercial property segment also showed positive dynamics,
with both mortgage-backed and non-mortgage commercial sales
increasing year-on-year, reflecting continued activity across
different areas of the real estate market.
The development of mortgage lending is also linked to broader
efforts to strengthen financial risk-management mechanisms.
Earlier, Secretary General of the Insurance Association of Türkiye
(TSB) Ozgur Obali told Trend that deeper cooperation in the insurance sector
and wider use of modern insurance solutions could contribute to
greater financial resilience.
"Insurance is the main guarantee mechanism that minimizes these
losses. Therefore, eliminating this gap is one of the main goals of
both the World Insurance Association and the European and Turkic
States Insurance Association," Obali said.
He also highlighted the importance of technology in expanding
access to insurance services, noting that digital solutions and
InsurTech development are becoming increasingly important for the
future of the sector.
In Trend's
assessment, the recovery in mortgage transactions represents a
positive signal for Türkiye's housing market, although a sustained
return to higher mortgage penetration levels will depend on the
broader normalization of financial conditions and continued
development of supporting financial services.
