housing sales in Türkiye has seen a huge impact decline in April, witnessing 35.6% drop compared to the same previous month yearaccording to the official data.
the total number of housing sales for Data from the Turkish Statistical Institute (TurkStat) showed that the month of April reached 85,652.
Statistics reveal that the downward trend continues in the period from January to April also, with Home sales decreased by 18.6% compared to the corresponding period of the previous year.
Cumulative number for housing sales in January through April amounted to 368,867.
In April, Istanbul emerged as the leader in house Sales and accounting for the highest share with 13,944 homes were sold, representing a 16.3% increase. of the total.
After Istanbul, Ankara recorded 10,000 house Sales, making up 11.7% of Overall market share. West Izmir took the third place with 4,960 house sales, garnered 5.8% share.
On the contrary, the provinces with lowest number of house Eastern sales were Ardahan and Hakkari, each with 22 homes were sold, while Bayport recorded 53 homes sold.
Sales to foreigners
In April, A.J total of 2557 houses out of 85,652 sold in Türkiye was bought by foreigners.
However, housing sales to foreigners have seen a significant rise decline of 60.3% compared to the previous one year. Count the foreigners for 3% of the total house sales in April.
Among the provinces is the Mediterranean region of Ranked Antalya first in housing sales to foreigners, with 1024 homes sold in April. Istanbul secured second position with 792 sales, followed by the southern province of Mersin with 186 sales.
During the period from January to April, housing sales to foreigners decreased by 35.1%, to 13,483 homes, compared to the same period. in the previous year.
In April, according to Russian citizens for the highest number of Purchases with 817 houses were purchased from Türkiye. They were followed by citizens of Iran with 377 Beta, Ukraine with 136 houses and Iraq with 124 houses.
Mortgage sales down
in terms of mortgaged house Sales, Türkiye has seen a prominent decline of 32% in April compared to the same month in the previous yearThe resulting in a total of 21,769 homes were sold through mortgage transactions. Mortgage sales accounted for for 25.4% of public housing market.
For the period from January to April, mortgage sales also saw a decrease of 19.7% with a total of 80,591 homes sold compared to the same period in the previous year.
Outside of Foreclosed sales in April, 7388 direct sales were sold, while for From January to April, 25,552 direct sales were sold.
the number of Unencumbered house sales in April also saw a decline of 36.8% compared to the previous year with a total of 63,883. Unencumbered sales represent 74.6% of the total house sales.
Similarly, unencumbered sales during the January-April period decreased by 18.3% compared to the previous period yearamounting to 288,276.
In April, the issue of Sell homes for the first time in Türkiye decreased by 26% compared to the previous one yeartotaling 26,952. Sales were counted for the first time for 31.5% of the total house sales. For the period from January to April, directly house Sales were recorded as 110,859, reflecting a decrease of 15.3% compared to the previous one year.
second hand house sales in Türkiye also experienced a decline of 39.3% in April compared to the previous year with a total of 58,700.
Used sales account for 68.5% of Overall house sales. In the period from January to April, used house Sales decreased by 19.9% compared to the previous year yearand up to a total of 258,008.