According to data from the Turkish Statistical Institute (TÜİK), the total number of homes sold across Türkiye in February increased by 5.9% compared to the same month last year, reaching 124,549 units. First-hand home sales rose by 5.9% to 37,785 units, while second-hand home sales increased by 6% to 86,764 units. In total sales, first-hand homes accounted for 30.3%, while second-hand homes made up 69.7%.
Mortgage-backed home sales surged by 42.3% in February to 25,035 units, while other home sales declined by 0.5% to 99,514 units. In the January–February period, mortgage-backed sales increased by 29% to 45,298 units, while other sales decreased by 4.4%. Home sales to foreigners decreased by 2.9% to 1,506 units, with the highest number of purchases made by citizens of Russia, Iran, and Iraq.
Meanwhile, total commercial property (workplace) sales in February decreased by 1.1% year-on-year to 15,069 units. First-hand workplace sales dropped by 5.2% to 3,981 units, while second-hand sales increased by 0.4% to 11,088 units. In the January–February period, total workplace sales declined by 7.2% to 28,336 units.
Mortgage-backed workplace sales increased by 62.8% in February to 692 units, while other workplace sales decreased by 3%. Seasonally and calendar-adjusted data reflected similar trends.
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