Housing sales to foreigners in Turkey increased by 31 percent in March compared to the same month of the previous year and reached 5 thousand 567. The share of house sales to foreigners in total house sales last month was 4.1 percent.
Turkish Statistical Institute (TUIK) announced the house sales statistics for March. Accordingly, 134 thousand 170 houses were sold in Turkey in March.
The number of houses sold in March increased by 37.5 percent compared to February and by 20.6 percent compared to the same month of the previous year. In February, 97 thousand 587 houses were sold.
Istanbul had the highest share in house sales with 23,974 house sales and 17.9 percent. This province was followed by Ankara with 12 thousand 609 house sales and 9.4 percent share, and Izmir with 8 thousand 51 house sales and 6 percent share.
House sales by nationalities for top 20, March 2022
38.8 percent increase in mortgaged house sales
Mortgaged house sales across the country increased by 38.8 percent on an annual basis in March, reaching 30,271. The share of mortgaged sales in total house sales was 22.6 percent.
Mortgage sales in the January-March period, on the other hand, increased by 44.7 percent compared to the same period of the previous year, and amounted to 68 thousand 342.