House sales in Türkiye down 12.7% in August

House sales in Türkiye down 12.7% in August

Around 123,500 houses changed hands last month, over 5,200 sold to foreign nationals, according to official data

By Gokhan Ergocun

ISTANBUL (AA) – Residential property sales in Türkiye fell 12.7% year-on-year in August, according to the latest data released on Thursday.

A total of 123,491 houses changed hands last month, down from 141,400 in August 2021, the Turkish Statistical Institute (TurkStat) reported.

Mortgage house sales amounted to 22,168 in August, down 19% year-on-year.

Sales to foreign buyers fell 10.1% to 5,273 units last month.

Antalya, Türkiye’s most popular Mediterranean resort city, had the lion’s share of sales to foreign buyers – 814 units.

Among foreign nationals, Russians bought the most houses, at 1,238, followed by Iranians with 633 and Iraqis with 417.

This January to August, 801,995 residential properties were sold in Türkiye, up 17.7% from the same period last year.

Sales to foreigners in the first eight months jumped 44.6% on an annual basis to 44,595, according to the data.

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