Turkish house sales fall 21.4% year-on-year in March

Kitco Media
By Reuters
Published:
Updated:
Reuters
ISTANBUL, April 17 (Reuters) - Turkish home sales fell 21.4% year-on-year in March to 105,476 houses, with sales to foreigners dropping 38.7%, data from the Turkish Statistical Institute showed on Monday. Russians topped the list of foreigners with 1,175 houses purchased, reflecting still how many have sought a financial haven in the wake of Moscow's invasion of Ukraine and the fallout of Western sanctions. Russians were followed by Iranians, Iraqis and Ukrainians among the foreign buyers. The data also showed March mortgaged sales fell 16.5% from a year earlier to 25,262 houses, accounting for 24% of the total sales in the period. (Reporting by Ceyda Caglayan; Editing by Daren Butler)

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