Housing gross sales in Türkiye rebounded in February after a decline in gross sales in January and an general fall registered final yr, leaping by practically 17% in comparison with the identical month in 2023, the official information confirmed on Thursday.
The gross sales rose 17.3% in February from a yr earlier to 93,902 models regardless of a hike in rates of interest in latest months, at the same time as gross sales to foreigners tumbled by 44.9%, Turkish Statistical Institute (TurkStat) information confirmed.
Istanbul had the lion’s share within the month with 17.4% or 16,344 models in February, adopted by the capital Ankara with 8,300 models and the Aegean province Izmir with 5,168 models or 8.8% and 5.5% of the full gross sales, respectively.
In the January-February interval, home gross sales within the nation dropped by 2% to some 174,210 models, the info additionally confirmed.
The mortgaged home gross sales decreased by 49.1% in February in comparison with the identical month of the earlier yr and stood at 8,827, TurkStat stated. These gross sales accounted for a 9.4% share of all home gross sales.
The gross sales to foreigners which noticed a major drop in February had been recorded at 1,846 or 2% of all of the gross sales within the acknowledged interval.
The information confirmed that Istanbul ranked first with 691 gross sales to foreigners, adopted by the Mediterranean province of Antalya with 659 home gross sales and southern Mersin province with 151 home gross sales.
Russians had been once more the most important international consumers, buying 395 houses in February, reflecting demand for a monetary haven within the wake of Moscow’s invasion of Ukraine and Western sanctions.
Iranian residents adopted Russian residents with 200 residences purchased, Iraqis with 112 residences and Ukrainians with 105.
In the primary two months of the yr, dwelling gross sales to foreigners decreased by 48.0% in comparison with the identical interval a yr earlier to three,907, as per information.
Meanwhile, new home gross sales elevated by 21.8% in February in comparison with the identical month in 2023 and have become 28,594.
The secondhand home gross sales additionally elevated by 15.5% final month in comparison with the identical month of the earlier yr to 65,308.
Source: www.dailysabah.com