- BIST10012,151-0.94%
- USD49.34+0.24%
- EUR55.21-0.01%
- GOLD4,191.50+0.02%
- INTEREST37.00%-1.00
- BITCOIN82,752+1.22%
- October 13, 202617°
- BIST10012,151-0.94%
- USD49.34+0.24%
- EUR55.21-0.01%
- GOLD4,191.50+0.02%
- INTEREST37.00%-1.00
- BITCOIN82,752+1.22%
- October 13, 202617°
Turkey’s home sales fall in July as mortgaged purchases rise
A total of 123,603 homes were sold across Türkiye in July, while mortgaged sales rose 23.7 percent year on year. Home sales to foreigners increased 1.9 percent to 2,120, with Russian, Iranian and Ukrainian citizens making the most purchases.
The Turkish Statistical Institute announced housing and commercial property sales statistics for July. Across Türkiye, total home sales fell 17 percent from the same month last year to 123,603.
First-hand home sales declined 8.6 percent year on year to 42,529. Second-hand home sales fell 20.8 percent to 81,074.
Mortgaged sales increase
Mortgaged home sales rose 23.7 percent in July from the same month last year, reaching 23,888. Mortgaged sales accounted for 19.3 percent of total home sales.
Other home sales fell 23.1 percent year on year to 99,715. They accounted for 80.7 percent of total sales, while first-hand homes made up 34.4 percent and second-hand homes 65.6 percent.
In calendar-adjusted series, first-hand home sales fell 8.6 percent and second-hand home sales declined 20.9 percent in July compared with the same month last year. In seasonally and calendar-adjusted series, first-hand sales fell 5.1 percent and second-hand sales declined 5.4 percent from the previous month.
Foreigners buy 2,120 homes
Home sales to foreigners rose 1.9 percent year on year in July to 2,120. Sales to foreigners accounted for 1.7 percent of total home sales.
By nationality, Russian citizens made the most purchases, with 394 homes. They were followed by Iranian citizens with 189 homes and Ukrainian citizens with 145.
Total sales reach 823,119 in seven months
From January through July, first-hand home sales fell 0.8 percent from the same period last year to 264,016. Second-hand home sales declined 7.5 percent to 559,103, while total home sales fell 5.5 percent to 823,119.
Mortgaged home sales rose 30.9 percent during the seven-month period to 166,682. Other home sales fell 11.7 percent to 656,437.
During this period, home sales to foreigners also declined 7.3 percent from the same period last year to 11,203.
Stay Updated with The Turkiye Times
Subscribe to be informed about special news, developments and announcements. We will keep you informed.
By signing up, you agree to our Privacy Policy
