By Mucahithan Avcioglu
ISTANBUL (AA) - A total of 164,306 houses were sold in Türkiye in October, marking a 0.5% decrease from the same month last year, the Turkish Statistical Institute (TurkStat) said Thursday.
In October 2024, the country recorded 165,138 housing sales.
Istanbul led the market with 26,305 transactions, followed by the capital Ankara with 14,681, and the Aegean province of Izmir with 8,678.
New home sales dropped 4.9% year-on-year to 54,866 units, while second-hand sales increased 1.8% to 109,440 units.
Mortgage-financed sales surged 11.5% from a year earlier, totaling 23,527 homes and accounting for 14.3% of all transactions.
Sales to foreign buyers, however, declined 0.8% to 2,106 units. Russians, Germans, and Iranians made up the largest share of foreign purchasers.
Between January and October, total housing sales rose 16.2% year-on-year to 1.29 million units, according to TurkStat.