Residential property Sales in Turkey jumped 25.1% year-over-year in January, official the data showed on Friday, but fell from the extremely high level of a month earlier.
Sales jumped to 88,306 properties in January, said the Turkish Statistical Institute (TurkStat). Total sales in December had climbed 113.7% year-over-year to 226,503 properties, according to the data.
Istanbul, the largest in Turkey city by population had the highest share with 17.1%, or 15,110, house sales, tracking Ankara with 9.3%, or 8,255, and Izmir with 6.2%, or 5,486.
Data showed January mortgage sales jumped 69.4% from a year earlier at 18,183.
In 2021 in son together, total house sales fell 0.5% to 1.492 million properties, with mortgaged sales down 49%.
Sales to foreigners maintained an upward trend and climbed 56.5% year-over-year last month to 4,186 properties.
Some 4.7% of all sales in January were made to strangers, the data showed.
Istanbul enjoyed the lion share of sales to foreign buyers, with 1,771 units. The Mediterranean holiday appeal city of Antalya followed with 914 properties, while Ankara came third with 269.
Among foreign nationals, Iranians bought the most homes with 761, followed by Iraqis with 513 and Russians with 479.
