Property sales in Turkey sharply down, foreign demand up in August
According to TÜİK, a total of 105,154 properties were sold across Turkey in August — some 12,743 of them were mortgaged.
Property sales were increasing since June after they declined for the previous four months in a row, with the help of a discount campaign with a lower interest rate to revive the market ahead of the snap polls in June.
The campaign will take place between Aug. 29 and Oct. 31 and a 10 percent discount will be applied on all properties.
According to TÜİK, Iraqis topped the list of foreign buyers with 944 properties, followed by Iranians (394), Saudis (275), Kuwaitis (271) and Russians (192).
Istanbul was again the top destination for foreign homebuyers with 1,141 units, followed by Antalya with 675 units, Bursa with 307 units and Ankara with 305 units.