House sales slip in January in Turkey: TurkStat report

ANKARA

House sales in Turkey have slipped in January, Turkish Statistical Institute said in its report Wednesday.

House sales went down 1.9 percent year-on-year in January after a three-month long rally, according to the report.

Before January, home sales declined also in September last year when consumers preferred to wait ahead of November elections when there was a one-week public holiday in the month.

“In Turkey, house sales decreased by 1.9 percent in January 2016 compared to the same month of the previous year and, hence, became 84,556 [units sold],” the report said.

Mortgaged house sales throughout Turkey came to 26,584, down 19.9 percent year-on-year, showing people preferred less to purchase a home through a loan.

House sales with mortgage had a 31.4 percent share of all house sales in Turkey in January.

House sales to foreigners came to 1,462 units, up 13.4 percent compared to the same month of the previous year. Top destination for foreign investors was Istanbul with 498 sales, Antalya with 315, Bursa with 129, Yalova with 84, Ankara with 68 and Aydin with 65.

ANKARA

House sales in Turkey have slipped in January, Turkish Statistical Institute said in its report Wednesday.

House sales went down 1.9 percent year-on-year in January after a three-month long rally, according to the report.

Before January, home sales declined also in September last year when consumers preferred to wait ahead of November elections when there was a one-week public holiday in the month.

“In Turkey, house sales decreased by 1.9 percent in January 2016 compared to the same month of the previous year and, hence, became 84,556 [units sold],” the report said.

Mortgaged house sales throughout Turkey came to 26,584, down 19.9 percent year-on-year, showing people preferred less to purchase a home through a loan.

House sales with mortgage had a 31.4 percent share of all house sales in Turkey in January.