UPDATES WITH COMMENTS FROM EXPERT</p> <p>By Tuba Sahin</p> <p>ANKARA (AA) – A total of 105,046 residential properties were sold in Turkey last month, the Turkish Statistical Institute (TurkStat) said on Wednesday. </p> <p>Even though overall sales were down 5.3% in March, compared to the same period last year, sales to foreigners rose significantly.</p> <p>"Istanbul had the highest share of overall house sales in March at 18.2% with 19,140 units sold," TurkStat said.</p> <p>Melih Tavukcuoglu, head of the Contractors’ Association on Istanbul's Asian side, said the country will close 2019 with a slightly less number of sales compared to the last year.</p> <p>Turkey recorded over 1.37 million house sales in 2018, down 2.4 percent from previous year.</p> <p>"We foresee that the sector will recover by 2020," Tavukcuoglu said.</p> <p> </p> <p>- Sales to foreigners </p> <p>Data showed that housing sales to foreigners jumped by 71.3 percent year-on-year to hit 3,129 units in March.</p> <p>"Ever-increasing sales to foreigners shows that we will break a new sales record in 2019," he said.</p> <p>He projected that foreigners will buy around 50,000 houses by the end of 2019. </p> <p>Istanbul led the March list with 1,520 sales, followed by the Mediterranean holiday resort city of Antalya (626) and the capital Ankara (173).</p> <p>Iraqis recorded the most houses purchase with 548 units. Iranians followed them with 334 units and Saudis with 189 units.</p> <p>A total of 156 houses were sold to Russians and Afghans bought 150 units.</p> <p>"Turkey offers a great advantage for foreigners with its both housing prices and historical and natural beauties." Tavukcuoglu added.</p> <p>Last year, property sales to foreigners posted an annual hike of 78.4 percent to reach 39,663 houses.
By Tuba Sahin
ANKARA (AA) – A total of 105,046 residential properties were sold in Turkey last month, the Turkish Statistical Institute (TurkStat) revealed on Wednesday.
Even though overall sales were down 5.3% in March, compared to the same period last year, sales to foreigners rose significantly.
“Istanbul had the highest share of overall house sales in March at 18.2% with 19,140 units sold, ” TurkStat said.
Data showed that housing sales to foreigners jumped by 71.3 percent year-on-year, to hit 3,129 units in March.
Istanbul led with 1,520 sales, followed by Mediterranean holiday resort city of Antalya (626) and the capital Ankara (173).
Iraqis bought the most number of houses (548), followed by Iranians (334), Saudis (189), Russians (156) and Afghans (150).
By Tuba Sahin
ANKARA (AA) – The number of residential properties sold in Turkey soared 19.2 percent annually in October, the Turkish Statistical Institute (TurkStat) reported on Wednesday.
A total of 146,536 houses changed hands in October, up 15 percent compared to a month earlier.
The number of properties sold to foreigners jumped 134.2 percent year-on-year last month, TurkStat said.
Of the total sales, 6,276 houses were sold to foreigners, including 36 percent (or 2,283 units) in Istanbul, the country's largest city by population.
Following Istanbul, the Mediterranean holiday resort of Antalya came second with sales of 1,160 properties, while the northwestern province of Bursa ranked third with 448 units.
Official data showed that Iraqis topped the list of buyers in October with 1,439 properties, followed by Iranians with 557 units, Kuwaitis with 378, Germans with 341, and Russians with 336.
By Muhammed Ali Gurtas
ANKARA (AA) – House prices in the European Union rose at an annual clip of 4.3 percent this April-June, the EU's statistical office said on Friday.
Eurostat said the House Price Index (HPI) value in the second quarter of this year was the same for both the euro area and the EU28.
The eurozone/euro area or EA19 represents member states that use the single currency — the euro — while the EU28 includes all member countries of the bloc.
Among all member countries, the highest annual increase in house prices was seen in Slovenia, up 13.4 percent, followed by Ireland, Portugal, and Hungary.
Eurostat noted that over the same period house prices fell in Sweden and Italy by 1.7 percent and 0.2 percent, respectively.
On a quarterly basis, house prices surged 1.4 percent in both the eurozone and the EU28 in the second quarter of 2018, the statistical office noted.
The HPI covers the price changes of all residential properties purchased by households — newly built and existing flats, detached houses, terraced houses, etc.