House sales increase by 25.3 percent

DAILY SABAH
ISTANBUL
Published 25.11.2014 01:23
House sales increase by 25.3 percent

According to data released by the Turkish Statistical Agency (TurkStat), house sales increased by 25.3 percent in October 2014, compared to the same month of the previous year with the total quantity of houses sold reaching 95,645. For house sales in October 2014, Istanbul had the highest share With ownership of 18 percent, or 17,240, of the city's residences changing hands. Ankara followed Istanbul with 11 percent of houses sold with İzmir registering 6 percent.

Mortgaged house sales throughout Turkey were upwardly mobile at 34,451, an increase of 30.8 percent compared to the same month of the previous year. House sales with mortgages attached had a 36 percent share of all house sales in the country with first home sales in Turkey equaling 44,499 - an increase of 25.8 percent compared to the same month of the previous year. First home sales comprised a 46.5 percent share of all house sales in Turkey.

House sales to foreigners increased by 66 percent totaling 15,417 in the first 10 months of the year with the province of Antalya attracting the most foreign attention with 612 sales in October 2014. Istanbul followed Antalya with 556 house sales, Aydın with 121, Muğla with 103, Yalova with 84 and Bursa with 78 house sales.

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