Economy

Property sales in Turkey up 5% in August

Number of houses sold this August reached 110,500 units, up 5% year-on-year

Tuba Sahin   | 18.09.2019
Property sales in Turkey up 5% in August

ANKARA

The number of residential properties sold in Turkey rose 5% year-on-year in August, the Turkish Statistical Institute (TurkStat) announced on Wednesday.

A total of 110,538 houses changed hands last month, TurkStat said in a statement.

TurkStat data showed that the number of properties sold to foreigners slipped 6.8% during the same period.

Of the total sales, 3,604 houses were sold to foreigners, including 43% (or 1,549 units) in Istanbul, the country's largest city by population.

Following Istanbul, the Mediterranean holiday resort of Antalya came second with sales to foreigners of 656 properties, while the northwestern province of Bursa ranked third with 228 units.

Official data showed that Iraqis topped the list of foreign buyers in August with 675 properties, followed by Iranians with 469 units, Russians with 212, Kuwaitis with 159, and Germans with 149.

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