Highest house sale made to Iraqi and Saudi clients

Highest house sale made to Iraqi and Saudi clients

ISTANBUL - Doğan News Agency
Highest house sale made to Iraqi and Saudi clients

DHA photo

Newly released data has shown the highest rate of house sales this summer was to clients from Iraq, Saudi Arabia and Kuwait, while foreigners tended to retail houses from Antalya, Istanbul and Bursa provinces.

According to data released by the Turkish Statistics Institute (TÜİK), in July and August some 4,071 houses were sold to foreigners in total. The house sales to foreigners in Antalya were on top of the list with 1,204, followed by Istanbul with 1,143, Bursa with 289 and Yalova with 274.

Iraqi citizens purchased 763 houses from Turkey in July and August, according to the data. This was followed, respectively, by Saudi Arabia with 504 houses, Kuwait with 373 houses, Russia 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, mortgaged house sales throughout Turkey became some 36,000, a rise of 1.9 percent.

House sales with mortgages 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, the number of houses sold for the first time was more than 53,000, having risen by 9 percent compared to 2014. Thus, first house sales had a 47.3 percent share of all house sales in Turkey.

Additionally, second-hand house sales rose by 4.3 percent and exceeded 59,000.