Housing sales in Turkey were announced by TURKSTAT in April 2017. Sales of residential property in April this year increased by 7.6 percent compared to the same month last year and amounted to 114 thousand 446 houses.
Istanbul became the leader in sales of residential real estate, there was recorded the highest share of sales in 20 thousand 66 homes. The second place in the ranking was occupied by Ankara with 11.7 percent increase in sales and 13 thousand 364 transactions for the sale of houses and apartments. The third place was occupied by Izmir. 7 thousand 170 housing units were sold.
The lowest housing sales were recorded in Hakkari with 4 houses, Ardahan with 8 houses and Sirnak with 18 houses.
Compared to the same month last year, sales of mortgaged residential property in Turkey increased by 29.6 percent and amounted to 43 thousand 334 transactions. The share of mortgage sales in total housing sales amounted to 37.9 percent. On the sale of mortgage housing Istanbul took first place with a share of 19.7 percent and transactions for 8546 housing units. The largest share in the total volume of sales of housing was occupied by Ardahan (87.5 percent).
The number of houses sold for the first time in Turkey increased by 10.8 percent compared to the same month of the previous year and amounted to 51 thousand 988 houses. The first share of sales in total sales was 45.4 percent in Istanbul.