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Turkish house sales to foreigners down 17.4% year-on-year in November

by John Pierce
July 3, 2023
in Business
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Sale of housing to foreigners in Turkey fell 17.4% annually in November, according to official Thursday data, while Russian citizens again took The first place in sales.

a total of 117,806 homes sold in Turkey in November, according to data from the Turkish Statistical Institute (TurkStat). housing sales in in January-November by 1% compared to the same period of Previous year.

the number of Homes sold to foreigners nationwide 6083. Home sales to foreigners decreased by 17.4% on on an annual basis and share of house Sales to foreigners in total house The Turkish Statistical Institute data showed that sales were calculated at 5.2%.

Mediterranean coast city of Antalya took first place in house Sales to foreigners with 2616 houses. This province was followed by Istanbul with 1,733 house South Mersin Sales with 567 house sales, respectively.

In November, Russian citizens bought 2,575 homes from Turkey. Iranian citizens followed the Russian citizens with 510 Iraqi homes with 331 dwellings and Ukrainians with 277.

between January and November, house Sales to foreigners increased by 20.4% compared to the same period of Previous year to reach 61104.

while, new house Sales decreased by 32.9% in November compared to the same month in 2021 and decreased to 37380. The share of Modern home sales in total Home sales were 31.7%.

In the period from January to November, it was new house Sales fell by 0.7% over the same period of Previous year It fell to 382,190.

second hand house sales also decreased by 34.7% in November compared to the same month of Previous year to 80426. the share of second- Sale of handmade housing in total Home sales were 68.3%. second hand house Sales rose 1.7% to 895,469 between January and November year-over-year.

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