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Turkey House Sales Up 6.5 Percent in August, Iraqi and Saudi Clients Top Foreign Buyers

Turkey House Sales Up 6.5 Percent in August, Iraqi and Saudi Clients Top Foreign Buyers

House sales increased 6.5 percent in August compared to the same month of the previous year, and 112,463 were sold within the month. While Istanbul had the highest share as usual with 16.8 percent of house sales, most house sales were made to Iraqi citizens when looking at the nationality of the buyer. Ankara followed with 11.7 percent, totaling 13,139 house sales, and İzmir with 5.8 percent, totaling 6,490 house sales.

House sales to foreigners increased 15.2 percent in August compared to the same month of the previous year totaling 2,044. Iraqis bought 401 houses in Turkey in August, which was followed by Saudis with 271 house sales, Kuwaitis with 226 house sales, Russians with 155 house sales, and Britons with 86 house sales.

Mortgaged house sales throughout Turkey increased 1.9 percent compared to the same month of the previous year, totaling 36,021. House sales with a mortgage took a 32 percent share of all house sales in Turkey. First house sales in Turkey increased 9 percent to total 53,218 during the same time period, while second house sales in Turkey increased 4.3 percent to total 59,245. First house sales took a 47.3 percent share of all house sales in Turkey.

October 2015