Home sales in Turkey climbed 20.6 per cent in 2024 compared to a year ago, even as sales to foreigners tumbled 32.1 per cent, Turkish Statistical Institute data showed this week.
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 per cent 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 per cent, 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 per cent in December from a year earlier, but mortgaged sales dropped 10.8 per cent in 2024 as a whole, making up 10.7 per cent of all sales in the year.
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