Turkish home sales saw a 20.6% rise in 2024, with mortgages surging in December despite an overall annual drop.
Turkish home sales surged 20.6% in 2024, totaling 1.48 million units, with December seeing a 53.4% increase. Despite this growth, sales to foreigners fell 32.1%, with Russians being the top foreign buyers. The Central Bank cut the key interest rate by 250 basis points, contributing to a 285.3% surge in mortgaged sales in December, although they dropped 10.8% overall in 2024.
2 months ago
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