Turkey sees 82,252 house sales in May

Dünya Executive - - OVERVIEW -

Turkey saw 82,252 house sales in May, a 31.3 percent annual decline, the country’s statistica­l office reported June 17. “Istanbul had the highest share of house sales with 19.3 percent and 15,895 houses sold,” the Turkish Statistica­l Institute (TurkStat) said. The capital Ankara and the Mediterran­ean resort city of Antalya followed Istanbul with 8,240 and 5,091 house sales, respective­ly. The institute noted that 33,765 houses across the country were sold for the first time while the rest were second-hand sales last month. The mortgaged house sales amounted to 5,231 - down 85.8 percent year-on-year - with a 6.4 percent share of all sales in May. Last year, over 1.37 million property sales were recorded in Turkey with around 650,000 of them newly-built houses. Rising 62.5 percent on a yearly basis, a total of 3,925 properties were sold to foreigners last month.

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