In Turkey, 102 thousand 660 houses were sold in October. The number of houses sold in October decreased by 25.3% compared to the same month of the previous year.
Turkish Statistical Institute (TUIK) announced the house sales statistics for the month of October.
Accordingly, house sales in Turkey decreased by 25.3% in October compared to the same month of the previous year and became 102 thousand 660. Istanbul had the highest share in house sales with 16,987 house sales and 16.5%. According to the number of sales, Istanbul was followed by Ankara with 8 thousand 146 house sales and 7.9% share, and Antalya with 6 thousand 323 house sales and 6.2% share. The provinces with the lowest number of house sales were Hakkari with 30 houses, Ardahan with 42 houses and Bayburt with 69 houses, respectively.
Housing sales increased by 6.7% in the January-October period
Housing sales increased by 6.7% in the January-October period compared to the same period of the previous year and amounted to 1 million 159 thousand 853.
Mortgage housing sales amounted to 13 thousand 268
Mortgage housing sales decreased by 52.7% in October compared to the same month of the previous year and became 13 thousand 268. The share of mortgaged sales in total housing sales was 12.9%. Mortgage sales in the January-October period amounted to 241,869 with an increase of 15.2% compared to the same period of the previous year.
In October, 4 thousand 260 of the mortgaged sales and 65 thousand 37 of the mortgaged sales in the January-October period were first hand sales.
As a result of other sales types, 89 thousand 392 houses changed hands.
Other house sales decreased by 18.3% in October compared to the same month of the previous year and became 89 thousand 392. The share of other sales in total house sales was 87.1%. Other house sales in the January-October period, on the other hand, increased by 4.7% compared to the same period of the previous year and became 917 thousand 984.
The number of first-hand housing sales was 32 thousand 692.
The number of first-hand housing sales decreased by 22.0% in October compared to the same month of the previous year and became 32 thousand 692. The share of first-hand housing sales in total housing sales was 31.8%. In the January-October period, first-hand house sales increased by 4.8% compared to the same period of the previous year and amounted to 344 thousand 810.
69,968 houses changed hands in second-hand house sales
Second-hand house sales decreased by 26.7% in October compared to the same month of the previous year and became 69 thousand 968. The share of second-hand housing sales in total housing sales was 68.2%. Second-hand house sales in the January-October period increased by 7.6% compared to the same period of the previous year and amounted to 815 thousand 43.
5 thousand 377 houses were sold to foreigners
Housing sales to foreigners decreased by 8.8% in October compared to the same month of the previous year and became 5 thousand 377. The share of house sales to foreigners in total house sales was 5.2%. Antalya took the first place in house sales to foreigners with the sale of 2 thousand 123 houses. Antalya was followed by Istanbul with 1,658 sales and Mersin with 490 sales, respectively.
Source: Trthaber / Translated by Irem Yildiz