Home sales fell 25% in October

According to SHAFAQNA TURKEY-TUIK, sales of houses in Turkey in October decreased by 25.3 percent compared to the same month last year and amounted to 102,660 units. Used car sales also fell 26.7%.

Housing sales in Turkey in October decreased by 25.3 percent compared to the same month last year and amounted to 102,660 units. Istanbul had the highest proportion of home sales with 16,987 home sales and 16.5 percent. In terms of sales, Istanbul is followed by Ankara with 8,146 house sales and a 7.9 percent share and Antalya with 6,323 house sales and a 6.2 percent share. The provinces with the fewest houses sold were Hakkari with 30 houses, Ardahan with 42 houses and Bayburt with 69 houses respectively.

Home sales rose in January-October

Housing sales in January-October increased by 6.7% compared to the same period last year and amounted to 1 million 159 thousand 853.

Mortgage home sales down 52 percent

Mortgage home sales in Turkey in October decreased by 52.7% compared to the same month last year and amounted to 13,268 units. The share of mortgage sales in total housing sales amounted to 12.9%. Sales of mortgage housing in January-October, on the contrary, increased by 15.2% compared to the same period last year and amounted to 241,869 units.

4,260 mortgage sales in October; The 65,37 pledged sales in January-October were first-hand sales.

As a result of other types of sales, 89,392 houses changed hands.

Other home sales in Turkey in October decreased by 18.3 percent compared to the same month last year and amounted to 89 thousand 392. The share of other sales in total housing sales was 87.1 percent.

First-hand home sales down 22 percent

The number of first-hand home sales in Turkey in October decreased by 22.0% compared to the same month last year and amounted to 32,692. The share of first-hand home sales in total home sales was 31.8%. In January-October, first-hand home sales increased by 4.8% compared to the same period of the previous year and amounted to 344,810.

Home sales have fallen

Sale of secondary housing in Turkey in October decreased by 26.7 percent compared to the same month last year and amounted to 69,968 units. The share of secondary housing sales in total housing sales amounted to 68.2 percent. Sales of secondary housing in January-October increased by 7.6 percent compared to the same period of the previous year and amounted to 815 thousand 43.

Sales to foreigners also declined

Sales of housing to foreigners in October decreased by 8.8 percent compared to the same month last year and amounted to 5,377 units. In October, the share of housing sales to foreigners in total housing sales was 5.2 percent. Antalya ranked first in house sales to foreigners with 2,123 houses sold. Antalya is followed by Istanbul with 1658 sales and Mersin with 490 sales respectively.

In October, Russian citizens bought 2,023 houses in Turkey. Citizens of the Russian Federation are followed by Iran with 498 places of residence, Iraq with 310 places of residence and Ukraine with 216 places of residence.

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