Home sales in Turkey contract 13% in August, mortgage sales sink 67%
Homes sales in Turkey declined by 13% y/y to 105,154 units in August following the growth of 7% y/y registered in July, national statistics office TUIK reported on September 17.
August’s mortgage sales sank by 67% y/y to 12,743 units, compared to the 21% y/y fall seen in the previous month. The sole annual rise recorded for mortgage sales occurred in June, for which a rise of 35% y/y was posted.
More:bne IntelliNews - Home sales in Turkey contract 13% in August, mortgage sales sink 67%
