Turkey’s house sales decrease 25 pct in January

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Turkey saw 72,937 house sales in January with a 24.8-percent annual fall, the country’s statistical office announced on Feb. 18.

The Turkish Statistical Institute (TÜİK) said 31,048 newly-built houses were sold while the rest were second-hand sales last month.

“Istanbul had the highest share of house sales with 18.4 percent and 13,455 sold house,” the institute said.

The capital Ankara and the Aegean province of Izmir followed Istanbul with 6,785 and 3,795 house sales, respectively.

Official figures showed that mortgaged house sales across the country was 6,537, going down 77.2 percent on a yearly basis.

TÜİK noted that sales with mortgage had a 9 percent share of all house sales in January.

Last year, over 1.37 million property sales were recorded in Turkey, while around 650,000 of them were newly-built houses.

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