Feb 5, 2023

Residential property sales in Turkey see annual rise of 54.2% in August

Residential property sales in Turkey rose 54.2% year-on-year in August, the country’s statistical authority announced Tuesday (September 15).

In the month, a total of 170,408 houses were sold, the Turkish Statistical Institute (TurkStat) said in a statement.

Housing sales to foreign buyers increased during the same period, up 8% to 3,893 units.

Istanbul, the country’s largest city by population, enjoyed the lion’s share of sales to foreign buyers, with 1,648 units. The Mediterranean resort city of Antalya followed with 784 properties, while the capital Ankara came third with 288.

Meanwhile, in January-August, some 1.2 million residential properties were sold in Turkey, rising 42.6% from the same period last year.

TurkStat said housing sales to foreigners have recorded 20,896 in the first eight months of this year.      

Based on AA
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