Highest house sale made to Iraqi and Saudi clients

Recent data shows the highest rate of house sales was to clients from Iraq, Saudi Arabia and Kuwait. Also, foreingers tend to retail houses from Antalya, Istanbul and Bursa provinces. According to data released by Turkstat, in July and August around 4,071 houses were sold in total. While the houses sales of foreigners from Antalya were on top of the list with 1,204, followed by Istanbul with 1,143, Bursa with 289 and Yalova with 274 house sales. Iraqi citizens purchased 763 houses from Turkey in July and August, according to data. This was followed, respectively, by Saudi Arabia with 504 houses, Kuwait with 373 houses, Russian Federation with 350 houses and the U.K. with 187 houses.

House sales rise by 6.5 percent
Accordingly, house sales rose by 6.5 percent to 112,463 in August, compared to the same period of 2014.

On the other hand, the mortgaged house sales throughout Turkey became 36 thousand, having risen by 1.9 percent.

House sales with mortgage saw a share of 32 percent among all house sales in Turkey.

Other house sales increased by 8.8 percent to 76,442 compared to the same month of 2014.

In house sales, number of houses sold for the first time was more than 53 thousand, having risen by 9 percent compared to 2014. Thus, first house sales had 47.3% share of all house sales in Turkey.

Additionally, second hand house sales rose by 4.3 percent and exceeded 59 thousand.

Istanbul DHA