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Turkish house sales to foreigners down 17.4% year-on-year in November

Turkish house sales to foreigners down 17.4% year-on-year in November

Housing gross sales to foreigners in Türkiye decreased by 17.4% yearly in November, based on official information Thursday, whereas Russian residents once more took the primary place in gross sales.

A complete of 117,806 homes have been bought in Türkiye in November, based on information by the Turkish Statistical Institute (TurkStat). Housing gross sales within the January-November interval elevated by 1% in comparison with the identical interval of the earlier yr.

The variety of residences bought to foreigners all through the nation was 6,083. Housing gross sales to foreigners decreased by 17.4% on an annual foundation and the share of home gross sales to foreigners in whole home gross sales was calculated as 5.2%, the TurkStat information confirmed.

The Mediterranean coastal metropolis of Antalya took first place in home gross sales to foreigners with 2,616 homes. This province was adopted by Istanbul with 1,733 home gross sales and southern Mersin with 567 home gross sales, respectively.

In November, Russian residents purchased 2,575 homes from Türkiye. Iranian residents adopted Russian residents with 510 residences, Iraqis with 331 residences and Ukrainians with 277.

Between January and November, home gross sales to foreigners elevated by 20.4% in comparison with the identical interval of the earlier yr to succeed in 61,104.

Meanwhile, new home gross sales decreased by 32.9% in November in comparison with the identical month in 2021 and fell to 37,380. The share of latest housing gross sales in whole housing gross sales was 31.7%.

In January-November, the brand new home gross sales fell by 0.7% in comparison with the identical interval of the earlier yr and decreased to 382,190.

Secondhand home gross sales additionally decreased by 34.7% in November in comparison with the identical month of the earlier yr to 80,426. The share of second-hand housing gross sales in whole housing gross sales was 68.3%. Secondhand home gross sales elevated by 1.7% to 895,469 between January and November year-over-year.

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