Turkish house sales rise in July, mortgages decline
13 oC
13 oC
Güneşli
13 oC
Güneşli
House sales in Türkiye increased by 16.0% year-on-year in July to 127,888 units, according to the Turkish Statistical Institute (TurkStat).
Istanbul, Ankara, and Antalya were the top-selling provinces, while Ardahan, Hakkari, and Bayburt saw the fewest transactions.
Sales of mortgaged houses decreased by 20.9% to 11,496 units, accounting for only 9.0% of total sales. In contrast, sales of non-mortgaged houses surged by 21.7% to 115,592 units, making up 91.0% of all transactions.
First-time house sales climbed 28.9% to 40,784 units (32.1% share), while sales of existing homes rose by 10.8% to 86,304 units (67.9% share).
House sales to foreigners declined by 16.1% to 2,350 units (1.8% share). Antalya, Istanbul, and Mersin were the most popular destinations. Russia topped the list of nationalities buying houses in Turkey, followed by Ukraine and Germany. (ILKHA)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
Gold prices fell 0.9% to $1,333 per ounce on Thursday, extending recent losses as investors rotated out of the safe-haven metal in anticipation of a landmark trade agreement between the United States and the United Kingdom.
HÜDA PAR Deputy Chairman and Head of Economic Affairs, Mehmet Şah Gültekin, has strongly criticized Türkiye’s economic management in the wake of alarming April inflation figures released by the Turkish Statistical Institute (TURKSTAT).
The Turkish Statistical Institute (TurkStat) announced on Monday that the Consumer Price Index (CPI) surged by 37.86% annually and 3.00% monthly in April 2025, reflecting persistent inflationary pressures in Türkiye.
Türkiye's defense and aerospace industry reached a new milestone in April 2025, with exports climbing to $539 million, marking a 54% increase compared to the same month last year, according to figures shared by the Presidency of Defense Industries.
