HOUSE SALES SOAR 20.6% IN MARCH
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.