Restriction of credit opportunities had the effect of restraining the price increase in housing. Housing sales across the country decreased by 37.6 percent in July compared to the previous month and decreased by 12.9 percent compared to the same month of the previous year and became 93 thousand 902. While sales decreased for the first time since August last year on an annual basis, the lowest figure of the last 6 months was seen on the basis of units. In addition to the limitation on housing loans, the decrease in the buyer group due to the holiday holiday and rapidly increasing prices showed its effect on the decline. The idea that ‘prices have peaked, they will not increase more’ and the expectation of the citizen for the giant social housing project to be announced in September were other factors that led to the decline in sales.
1 OUT OF 5 HOUSES LOAN
credit in July residential sales It decreased by 6.8 percent compared to the same month of the previous year and became 19,146. The share of sales on credit in total housing sales was 20.4 percent. Other sales, such as cash and promissory notes, decreased by 14.3% to 74,756. Last month, zero house sales decreased by 12.2 percent compared to the same month of the previous year and became 28 thousand 688, while its share in total house sales was announced as 30.6. Second-hand house sales, on the other hand, decreased by 13.2 percent to 65 thousand 214. The share of second-hand housing sales in total housing sales was 69.4 percent.
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THERE IS A FALL IN FOREIGN
Housing sales to foreigners decreased by 12.4% compared to the same month of the previous year and became 3 thousand 939. In July, the share of house sales to foreigners in total house sales decreased to 4.2 percent. Antalya’s position in housing sales to foreigners IstanbulIt was noteworthy that he passed. Antalya took the first place in the list of provinces where foreigners bought housing, with the sale of 1,421 houses. Antalya is followed by Istanbul with 1,154 house sales and 289 house sales, respectively. Myrtle followed. Among foreigners who bought a house in Turkey Russia It was also at the top in July. In July, Russian citizens bought 1,28 houses from Turkey. They were followed by Iran with 431 residences and Iraqi citizens with 380 residences. In the first 7 months of the year, house sales to foreigners increased by 57.4 percent compared to the same period of the previous year and reached 39 thousand 322.
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820 THOUSAND PEOPLE HAVE OWNERS HOUSES IN 7 MONTHS
In the first 7 months of the year, house sales increased by 24.2 percent compared to the same period of the previous year and amounted to 820 thousand 300. 189 thousand 463 housing units were purchased with bank loans, and 630 thousand 837 units were purchased using other sales methods such as cash and promissory notes. In the period of high inflation, the need to protect the value of money and the search for safe investments have stimulated the housing market in recent months and provided serious cash flow to real estate. In the coming period, the rate of price increase is expected to decrease with the decline in demand.
RECORD INCREASE IN PRICE
-Republic of Turkey the central bankAccording to the report, there was a record increase in housing prices. Throughout the country, the annual housing price increase in June was 160.6 percent and the new housing price increase was 164.8 percent. The average square meter price exceeded 13 thousand liras. Housing prices in Istanbul increased by 184.9 percent and new housing prices increased by 208.7 percent. The average square meter price increased to 21 thousand 329 TL. While the housing price increase in Ankara was announced as 165.4 percent and the new housing price increase as 176.5 percent, the average square meter price saw 9 thousand 155 liras. The housing price in İzmir increased by 150.9 percent, the new housing price increased by 159.6 percent and the average square meter price reached 14 thousand 933 liras.
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