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Turkey’s home sales rise 8.8% in October

by ChemOrbis Editorial Team -
  • 23/11/2015 (11:27)
According to data from the Turkish Statistical Institute (TUIK), Turkey’s home sales rose 8.8% to 104,098 units in October compared with the same month of 2014 after declining sharply in the previous month.

Istanbul had the highest share of home sales at 17.7% with 18,468 units, followed by Ankara (10.6%) and Izmir (5.8%). The smallest number of home sales, meanwhile, was recorded in Hakkari with 9 units, followed by 18 units in Ardahan and 51 units in Bayburt.

New home sales held a 48.6% share of Turkey’s total house sales in October with 50,564 units, up 13.6% from the same period of 2014. Istanbul recorded the highest number of new home sales with 9,386 units, followed by 4,818 new sales in Ankara and 2,438 in Izmir.
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