House sales across Turkiye decreased by 0.1% in March compared to the same month of the previous year, reaching 105 thousand 394.
Turkish Statistical Institute (TUIK) announced housing sales statistics for March.
Accordingly, house sales across Turkiye decreased by 0.1% in March compared to the same month of the previous year, reaching 105 thousand 394.
Istanbul had the highest share in housing sales with 19 thousand 40 house sales and 18.1%. According to sales numbers, Istanbul was followed by Ankara with 9 thousand 523 house sales and a 9.0% share, and Izmir with 6 thousand 413 house sales and a 6.1% share. The provinces with the lowest number of house sales were Ardahan with 23 houses, Bayburt with 42 houses and Hakkari with 55 houses.
Housing sales amounted to 279 thousand 604 in the January-March period, with a decrease of 1.3% compared to the same period of the previous year.
Mortgaged house sales decreased by 49%
Mortgaged house sales across Turkiye decreased by 49.0% in March compared to the same month of the previous year, reaching 12 thousand 880. The share of mortgage sales in total housing sales was 12.2%. Mortgaged house sales in the January-March period decreased by 53.0% compared to the same period of the previous year, reaching 27 thousand 622.
Of the mortgage sales in March, 3 thousand 105; 6 thousand 569 of the mortgaged sales in the January-March period were first hand sales.
Other housing sales across Turkiye increased by 15.3% in March compared to the same month of the previous year, reaching 92 thousand 514. The share of other sales in total housing sales was 87.8%. Other housing sales in the January-March period increased by 12.3% compared to the same period of the previous year, reaching 251 thousand 982.
32.6% of the houses sold are second-hand
The number of first-hand house sales across Turkiye increased by 4.6% in March compared to the same month of the previous year, reaching 34 thousand 399.
The share of first-hand house sales in total house sales was 32.6%. First-hand house sales amounted to 88 thousand 256 in the January-March period, with an increase of 5.2% compared to the same period of the previous year.
Second-hand house sales decreased by 2.2% in March compared to the same month of the previous year, reaching 70 thousand 995. The share of second-hand house sales in total house sales was 67.4%. Second-hand house sales amounted to 191 thousand 348 in the January-March period, with a decrease of 4.0% compared to the same period of the previous year.
1778 houses were sold to foreigners in March
Housing sales to foreigners decreased by 47.9% in March compared to the same month of the previous year, reaching 1,778. The share of housing sales to foreigners in total housing sales in March was 1.7%. Istanbul ranked first in housing sales to foreigners with 652 housing sales. Istanbul was followed by Antalya with 618 house sales and Mersin with 151 house sales.
Housing sales to foreigners decreased by 48.0% in the January-March period compared to the same period of the previous year, reaching 5 thousand 685.
In March, citizens of the Russian Federation bought 411 houses from Turkiye. Citizens of the Russian Federation were followed by citizens of Iran with 182 houses, Ukraine with 129 houses and Iraqi citizens with 82 houses, respectively.
Source: Trthaber / Prepared by Irem Yildiz