Second-hand housing prices are competing with new homes: Sales are at a standstill

Second-hand home prices in Turkey have climbed to parity with new-build units in some regions, stalling resale transactions as buyers redirect demand toward fresh projects, according to the report. Sellers’ elevated price expectations, combined with earthquake-safety concerns and renovation and maintenance costs on older flats, have eroded the competitiveness of existing homes. Payment plans and incentives offered on new developments are further tilting buyers away from the resale market. Listing periods are lengthening and sales volumes are contracting as a result. The trend matters because it signals price stickiness in the resale segment and shifting demand toward developers. What to watch next is whether sellers cut asking prices to revive transactions or hold firm and deepen the sales slowdown.