AGRICULTURAL INPUT PRICES SOAR IN DECEMBER 2021

The Agricultural Input Price Index (Agriculture-IPI) surged by 45.61% in December 2021, compared to the same month of the previous year, according to the Turkish Statistical Institute (TurkStat). The Agriculture-IPI also rose by 9.82% monthly and 27.89% over a 12-month average in December 2021. As for annual

changes in critical groups: goods and services contributing to the agricultural investment index surged by 31.91% year over year, while goods and services currently consumed in the agricultural index jumped 47.85% in the same period. Monthly changes for the same critical groups are as follows: goods and services contributing to the agricultural investment index rose by 7.30%, while goods and services currently consumed in the agricultural index increased by 10.19% in December 2021.

RESIDENTIAL PROPERTY SALES UP BY 25.1% IN JANUARY

Residential property sales increased 25.1% year-on-year in January, according to the Turkish Statistical Institute (TurkStat). A total of 88,306 houses were sold last month. Istanbul had the highest share with 17.1%, or 15,110 house sales, followed by Ankara with 9.3%, or 8,255, and Izmir with 6.2%, or 5,486. Housing sales to foreign buyers also rose during the same period, up 56.5% to 4,186. 4.7% of all house sales in January were made to foreigners. Among foreign nationals, Iranians bought the most houses – 761, followed by Iraqis with 513 and Russians with 479. Istanbul enjoyed the lion’s share of sales to foreign buyers, with 1,771 units. Antalya followed with 914 properties, while the capital Ankara came third with 269 houses.