House sales down below 100,000 in April

House sales increased by 124.1% to 95,863 units in April, compared to the same month of the previous year, according to the Turkish Statistical Institute (TurkStat).

The increase stemmed from sharp decline in April last year due to the pandemic.

Istanbul – the country’s largest city by population and one of its top tourist centers -took the largest share of house sales with 20.1%, or 19,260 houses, in this period.

The capital Ankara and the Aegean province of Izmir racked up 9,126 (9.5%) and 5,505 (5.7%) of total housing sales, respectively.

Mortgaged house sales rose by 2.5% to 17,514- an 18.3% share of all house sales over the same period.

First house sales also increased by 96.7% to 29,212 units in April on yearly basis.

66,651 secondhand houses were sold, up 138.6% compared to April 2020.

Foreigners purchased 4,077 houses in this period, with an increase of 416.1%.

House sales dropped by 6.5% to 358,913 in January-April, compared to the same period of the previous year.

House sales totaled 111,214 units in March.

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