Turkey sees 82,252 house sales in May
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.