Friday, September 21, 2018

bne IntelliNews - Home sales in Turkey contract 13% in August, mortgage sales sink 67%

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.

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