Turkey’s housing sales soar by over 25 percent, sales to foreigners continue to decline

ANKARA

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Turkey’s property sales soared to 132,655 units in November with a 25.1 percent increase compared to the same month of 2015, but the declining trend in sales to foreigners continued, data from the Turkish Statistics Institute (TÜİK) showed on Dec. 23. 

The mortgaged house sales throughout Turkey hit 48,941 units by increasing 71.4 percent compared to the same month of the previous year, according to the data. 

House sales with a mortgage had a share of 36.9 percent among all house sales in Turkey. 

Of all sales, some 1,773 were sold to foreigners, a 16.3 percent decline compared to the same month last year.

Some 596 units of them were sold in Istanbul, followed by the Mediterranean resort of Antalya and the Aegean province of Aydın with 409 units and 113 units, respectively. 

Iraqis again topped the list of foreign buyers with 285 properties, followed by Saudis (236 units), Kuwaitis (212 units), Russians (107 units) and Afghans (91 units).