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House sales declines in Sept. after 8 months

Istanbul, Oct 23 () – Turkey’s house sales declined for the first time after eight months, in September. House sales fell by 20.1 percent on annual basis, as a result from the waiting prior to Nov. 1 polls and the rise in currency rate and interest...

House sales declines in Sept. after 8 months

Istanbul, Oct 23 () – Turkey’s house sales declined for the first time after eight months, in September. House sales fell by 20.1 percent on annual basis, as a result from the waiting prior to Nov. 1 polls and the rise in currency rate and interest...

23 Ekim 2015 Cuma 16:37
House sales declines in Sept. after 8 months
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Istanbul, Oct 23 () – Turkey’s house sales declined for the first time after eight months, in September. House sales fell by 20.1 percent on annual basis, as a result from the waiting prior to Nov. 1 polls and the rise in currency rate and interest rate.

According to data released by Turkstat, this decline marked the highest fall, as house sales were 92,483 in Sept. In January, house sales have fallen by 1.7 percent, followed by a continuous upsurge.

The increases in house sales were 15.0 percent in Feb., 32.4 percent in March, 42.7 percent in April, 19.4 percent in May, 19.1 percent in June, 13.5 percent in July, 6.5 percent in August.

In Sept., “mortgaged house sales” throughout Turkey decreased by 33.5 pct. to 28,684, against the same month of the previous year.

Meanwhile, a decline was recorded in house sales to foreigners, decreased by 4.8 pct. to 1,768 , compared to the same month of the previous year. Also, house sales to foreigners rose by 19.0 pct. from 13,611 to 16,192 houses, in the first nine months of 2015.

(Graphic)

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