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Turkey’s annual house sales surge %25 in january

tarafından gönderildi admin üzerinde 28 Mayıs 2014

Residential property sales in Turkey surged 25.1% year-over-year in January, according to official data, but dropped from the extremely high level a month earlier.

Sales jumped to 88,306 properties in January, the Turkish Statistical Institute (TurkStat) said. Total sales in December had soared 113.7% year-over-year to 226,503, the data showed.

The reading of last month reflected last year’s low base effect caused by the coronavirus pandemic when sales were well below historical averages, sector analysts said. Sales were thus more than 60% lower than in December.

“Due to restrictions and weak sales during the pandemic, we have a low base effect. Turkey’s average monthly house sales are around 100,000-110,000 units,” said Makbule Yönel Maya, general manager of the TSKB Real Estate Appraisal company.

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