ANKARA: Home sales in Turkey climbed 20.6% in 2024 compared to a year ago, even as sales to foreigners tumbled 32.1%, Turkish Statistical Institute data showed on Tuesday.
Russians again topped the list of foreign buyers with 4,867 houses purchased last year, ahead of 2,166 buyers from Iran and 1,631 from Ukraine.
House sales jumped 53.4% in December as a whole compared to the previous year, data showed. That month the central bank cut its key interest rate by 250 basis points to 47.5%, reversing an 18-month tightening drive.
Some 1.48 million homes were sold last year, including 212,637 last month.
The data also showed mortgaged sales surged 285.3% in December from a year earlier, but mortgaged sales dropped 10.8% in 2024 as a whole, making up 10.7% of all sales in the year.
Source Homevior.in
