TODAY’S – Home sales slightly increase in November

Home sales slightly increase in NovemberHome sales across the country rose by 11 percent year-on-year to 103,783 in November, with a 09 percent increase in homes sold with a mortgage in the same period, according to a Turkish Statistics Institute (TurkStat) report released on Tuesday. The andldquoHouse Sales Statistics, November 2014andrdquo report compares sales of homes in November 2014 with the same month of last year When looking at the city-based distribution of sales, Istanbul comes first with 19,566 houses sold — constituting 18.

9 percent of all sales. Ankara and Izmir follow Istanbul, with 11.

3 percent and 64 percent of total houses sold, respectively. While 11,695 houses were sold in Ankara in November, 6,622 houses were sold in Izmir The provinces where the least number of houses were sold in the same period were Ardahan (23), Hakkari (24) and IIrnak (50).

The report also shows that the number of mortgage-based house sales across the country hit 36,925 in November, registering a negligible increase (0.9 percent)ompared to November of last year Of the total number of houses sold in the country, those sold with a mortgage made up 35.

6 percent. These sales had the largest share of total houses sold in the province of BartIn, with 46.

7 percent of total home sales in November However, the highest number of houses was sold in Istanbul with 7,978, making up 21.6 percent of all mortgage-based house sales in the country in NovemberThe sale of new homes, on the other hand, decreased by 03 percent year-on-year in November, hitting 48,128 — 46.

4 percent of total houses sold. The other 55,655 houses sold in November were existing homes.

TurkStat also reported on the number of houses sold in the country to foreigners. Antalya, one of the most popular tourist destinations in the country, saw the most number of homes sold to foreigners (549), Istanbul came in second (500) and Yalova was third (103).

The total number of homes sold to foreigners in November was 1,687.TurkStat releases home sales data for the country on a monthly basis.

SOURCE: Today’s Zaman