Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 14/07/2020 22:06 
15.01.2020 12:26 News >> Turkey Sees 1.35M Housing Sales In 2019: Turkstat

Turkey Sees 1.35M Housing Sales In 2019: Turkstat

Housing sales drop 1.9% year on year in 2019, says statistical authority.

Nearly 1.35 million housing units were sold in Turkey last year, the country's statistical authority announced on Wednesday.
Housing sales dropped by 1.9% or 26,669 units in 2019, compared to the previous year, according to the Turkish Statistical Institute (TurkStat) data.
Nearly 511,700 houses were sold for the first time while the remaining were second-hand sales from January to December.
Istanbul -- Turkey's largest city by population and one of its top tourist centers -- took the largest share of housing sales with 17.6% or 237,675 houses in the year.
Official data showed that the capital Ankara and the Aegean province of Izmir racked up 132,486 (9.8%) and 79,221 (5.9%) of total housing sales, respectively.
Mortgaged housing sales were recorded at 332,508 -- a 24.7% share of all sales over the same period.
In December 2019, housing sales rose by 47.7% to reach some 202,000 units -- 75,480 new and almost 126,600 second-hand -- on a yearly basis.
House sales to foreigners
Last year, some 45,500 houses were bought by foreigners, up 14.7% compared to 2018.
Istanbul was the top city for foreigners with 20,857 property sales in 2019, while Mediterranean resort city Antalya (8,951 sales), the capital Ankara (2,539 sales) and a northwestern province Bursa (2,213 sales) followed it.
Iraqi citizens were top buyers of Turkish properties with 7,596 housing sales. Iranians, Russians, Saudi Arabians and Afghans were among top five.
In December 2019, foreigners bought some 5,300 housing units, up 16.2% on a yearly basis. Nearly 900 houses were bought by Iraqis, some 76 by Iranians and 362 by Russians.
Interest rates affect house sales
Ahmet Erkurtoglu, the deputy head of the Contractors' Association of Istanbul's Anatolian Side, said: "Housing sales had topped the 100,000 mark in recent months and it exceeded the 200,000 mark last December for the first time," he underlined.
Lower interest rates for housing loans and deposits affected housing sales positively, he highlighted.
The Turkish Central bank lowered interest rates to 12% from 24% gradually during eight monetary policy meetings in 2019.
He said the construction sector will focus on urban transformation projects in 2020 and build housing units worth up to 1 million Turkish liras (some $169,500).
"We can sell around 1.2-1.3 million housing units in 2020 again, we target to sell 60,000 units to foreigners in 2020," he underlined. -



        Latest News
UAE's Top Diplomat Calls For Urgent Cease-Fire In Libya -47 minutes ago...
Call comes after pro Haftar Tobruk parliament gives Cairo green light to 'protect Egypt and Libya national security'
Turkish, US Presidents Discuss Libya, Economy Over Phone -47 minutes ago...
Erdogan, Trump agree to maintain permanent stability in Libya, achieve trade target of $100B.
Turkey To Protect Hagia Sofia's Heritage 'As Forebears Did' -17 minutes ago...
‘We turned Hagia Sophia into museum with mistaken decision, and are turning it into mosque again,’ says Turkish president.
Turkey Records 1,049 More Recoveries From COVID-19 -17 minutes ago...
Number of cases rises by 992 in past 24 hours for overall tally of 214,993.
At Least 100,000 Victims Of Slavery In UK: Report -17 minutes ago...
Report comes as coronavirus outbreak in Leicester textile factories shines light on exploited workers.

 
      Top News
COVID-19 Spread Increases In Spain With 666 New Cases COVID-19 Spread Increases In Spain With 666 New Cases
DR Congo: Thousands Rally Against Election Chief Pick DR Congo: Thousands Rally Against Election Chief Pick
Pandemic Kills 25 Health Workers In Iraq Since February Pandemic Kills 25 Health Workers In Iraq Since February
Turkey: Housing Sales Up 23.5% In 1St Half Of 2020 Turkey: Housing Sales Up 23.5% In 1St Half Of 2020
Over 8,000 Health Workers Contract COVID-19 In Africa Over 8,000 Health Workers Contract COVID-19 In Africa
Turkey: 5 Injured In Black Sea Region Flooding Turkey: 5 Injured In Black Sea Region Flooding
Turkey Sees Drop In Number Of Daily COVID-19 Cases Turkey Sees Drop In Number Of Daily COVID-19 Cases
Turkey: More Than 7M Cannabis Roots Seized Turkey: More Than 7M Cannabis Roots Seized
Virus Claims 100 More Lives In Iraq, 20 In Saudi Arabia Virus Claims 100 More Lives In Iraq, 20 In Saudi Arabia
Turkey: Mayor Nabbed For Alleged Ties To Terrorist PKK Turkey: Mayor Nabbed For Alleged Ties To Terrorist PKK