Residential property Sales in Turkey jumped 20% year-over-year in February, official data showed on Tuesday, backed by a lawsuit climb in purchases by foreign buyers.
Sales jumped to 97,587 units last months, said the Turkish Statistical Institute (TurkStat), choosing up pace a month earlier but still less than half the very high level in December.
The figure was up from 81,222 in the same month a year since. The reading followed the yearly increases of 25.1% and 113.7% in January and December, respectively.
It reflected last yearthe low base effect caused by the coronavirus pandemic when sales were good below historical averages.
Sales in February went well below 226,503 houses that changed hands in December.
Data showed mortgage sales jumped 35.6% last month from a year earlier at 19888, accountant for about 20.4% of all sales.
Globally house Sales in January-February period climbed 22.5% year-over-year at 185,893, the data showed, with mortgaged sales up 49.9%.
Property sales had accelerated amid depreciation in turkish lira, with the authorities prosecuting the new economic policy of low interest rates to boost credit, exports and investment, saying it would be help the country weather inflation.
For support the drivethe center of Turkey bank had brought down the reference policy rate per 500 points since September at 14%.
Sales to foreigners climbed 54.9% in February year-over-year to 4,591 properties, with Iranians, Iraqis and Russians buy the most properties.
Istanbul, the largest in Turkey city in terms of population appreciated the lion share of sales to foreign buyers at 1,958 units.
The Mediterranean seaside resort city of Antalya followed with 1,099 properties, while the capital Ankara came third with 288.
Iranians come first list as they bought 711 homes, followed by Iraqis with 633 and the Russians with 509.
Sales to foreigners in the first two months of the year jumped 55.5% on on an annual basis to 8,843, according to data from TurkStat.
In 2021 in son together, total house Sales declined 0.5% to 1.49 million goods, with mortgaged sales down 49%.
Property sales to foreign buyers were strong throughout 2021 and exceeded the annual level threshold of 50,000 units for the first time until November even before the year-to finish.
Sales completed in 2021 with a 43.5% year-over-year increase up to hit 58,576 units. The previous year record has been set in 2019 when 45,483 houses were sold to foreigners in 12 months.
Residential property Sales in Turkey jumped 20% year-over-year in February, official data showed on Tuesday, backed by a lawsuit climb in purchases by foreign buyers.
Sales jumped to 97,587 units last months, said the Turkish Statistical Institute (TurkStat), choosing up pace a month earlier but still less than half the very high level in December.
The figure was up from 81,222 in the same month a year since. The reading followed the yearly increases of 25.1% and 113.7% in January and December, respectively.
It reflected last yearthe low base effect caused by the coronavirus pandemic when sales were good below historical averages.
Sales in February went well below 226,503 houses that changed hands in December.
Data showed mortgage sales jumped 35.6% last month from a year earlier at 19888, accountant for about 20.4% of all sales.
Globally house Sales in January-February period climbed 22.5% year-over-year at 185,893, the data showed, with mortgaged sales up 49.9%.
Property sales had accelerated amid depreciation in turkish lira, with the authorities prosecuting the new economic policy of low interest rates to boost credit, exports and investment, saying it would be help the country weather inflation.
For support the drivethe center of Turkey bank had brought down the reference policy rate per 500 points since September at 14%.
Sales to foreigners climbed 54.9% in February year-over-year to 4,591 properties, with Iranians, Iraqis and Russians buy the most properties.
Istanbul, the largest in Turkey city in terms of population appreciated the lion share of sales to foreign buyers at 1,958 units.
The Mediterranean seaside resort city of Antalya followed with 1,099 properties, while the capital Ankara came third with 288.
Iranians come first list as they bought 711 homes, followed by Iraqis with 633 and the Russians with 509.
Sales to foreigners in the first two months of the year jumped 55.5% on on an annual basis to 8,843, according to data from TurkStat.
In 2021 in son together, total house Sales declined 0.5% to 1.49 million goods, with mortgaged sales down 49%.
Property sales to foreign buyers were strong throughout 2021 and exceeded the annual level threshold of 50,000 units for the first time until November even before the year-to finish.
Sales completed in 2021 with a 43.5% year-over-year increase up to hit 58,576 units. The previous year record has been set in 2019 when 45,483 houses were sold to foreigners in 12 months.