TR Monitor

HOUSE SALES SOAR 20.6% IN MARCH

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House sales surged by 20.6% from 111,241 units to 134,170 units in March, compared to the same month last year, according to the Turkish Statistica­l Institute (TurkStat). Mortgaged house sales amounted to 30,271 units in March, up 38.8% year-on-year, accounting for 22.6% of all sales. Sales to foreign buyers jumped by 31% to 5,567 units in March. Residentia­l property sales rose by 21.7% to 320,063 units in the first quarter of the year (Q1), compared to the same quarter lasts year. Sales to foreigners in the first three months jumped 45.1% on an annual basis to 14,344 units.

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