The Turkish Statistical Institute (TUIK) has announced housing sales statistics for the month of August. According to the data, the number of houses sold across Turkey fell by 14.7 percent compared to the same month last year, reaching 127,410.
In August, first-hand housing sales decreased by 4.5 percent on an annual basis, falling to 44,378. The decline was more pronounced in second-hand housing sales, where sales dropped by 19.4 percent to 83,032.
Within total sales, the share of first-hand housing was 34.8 percent, while the share of second-hand housing was 65.2 percent.
Despite the general decline in housing sales, mortgaged sales increased. Across Turkey, mortgaged housing sales rose by 7.2 percent in August compared to the same month last year, reaching 22,131. Other housing sales decreased by 18.3 percent to 105,279.
The share of mortgaged sales within total housing sales was calculated at 17.4 percent, while the share of other sales was 82.6 percent.
Housing sales to foreigners showed a limited increase in August. In this context, sales rose by 0.1 percent compared to the same month last year, reaching 1,938. The share of sales to foreigners within total housing sales was 1.5 percent.
By nationality, the highest number of housing sales was made to citizens of Russia with 343 units. Russia was followed by Ukraine with 147 sales and Iran with 140 sales.
News Source: 12punto
