Turkey's home sales slip for second consecutive month in Nov

According to data from the Turkish Statistical Institute (TurkStat), Turkey’s home sales fell by 7.5% and stood at 122,732 units in November compared to the same month of 2016.

Istanbul had the highest share of home sales at 16.2% with 19,930 units, followed by Ankara (11.6%) with 14,200 units and Izmir (6%) with 7,360 units.

New home sales held a 48.4% share of Turkey’s total house sales in November with 59,354 units, down by 6.5% from the same period of 2016. Istanbul recorded the highest number of new home sales with 9,166 units, followed by 6,863 new sales in Ankara and 3,037 in Izmir.