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TURKEY

Türkiye sees over 565,000 house sales in H1

ISTANBUL

The number of house sales totaled 565,779 in the January-June period of this year, down by 22.1% on a yearly basis, official figures showed on Friday.

The housing unit sales were also down by 44.4% year-on-year in June to stand at 83,636 units, according to the Turkish Statistical Institute (TurkStat).

The number of mortgaged house sales amounted to 121,530 units in the first half, while other sales totaled 444,240 units. These figures were 13,463 and 70,173 in June, respectively.

Foreigners bought 19,275 houses in the first half of 2023, while the number of houses bought by foreigners in June was at 2,625 units.

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