House sales in Türkiye down 23% in September

Over 113,000 houses changed hands last month, more than 5,000 sold to foreign nationals, official data shows

By Gokhan Ergocun

ISTANBUL (AA) – Residential property sales in Türkiye dropped by 22.9% year-on-year in September, according to the latest official data released on Friday.

A total of 113,402 houses changed hands last month, down from 147,143 in September 2021, the Turkish Statistical Institute (TurkStat) reported.

Mortgage house sales amounted to 16,970 in September, down 43% year-on-year.

Sales to foreign buyers fell by 23.8% to 5,049 units last month.

Istanbul had the lion’s share of sales to foreign buyers – 1,795 units, followed by the Mediterranean resort city of Antalya with 1,585 units.

Among foreign nationals, Russians bought the most houses with 1,196 units; it was followed by Iranians with 592 and Iraqis with 433.

From January to September, 1.06 million residential properties were sold in Türkiye, up 11.4% from the same period last year.

Sales to foreigners in the first eight months jumped 32.5% on an annual basis to 49,644, according to the data.

Kaynak:

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