(MENAFN) The number of residential properties sold in Turkey dropped 1.3% year-on-year to hit 646,032 in the first six months of 2018, the Turkish Statistical Institute (TurkStat) said on Thursday.
Some 298,877 houses were sold for the first time from January to June while the rest were second-hand sales, TurkStat reported.
The number of new mortgages slipped in the first half of this year - down by 18 percent to 210,805 compared to the same period last year.
House sales with mortgages took a 31 percent share of all house sales in Turkey. Currently, the mortgage rate for 120 months is between 1.3 percent and 1.8 percent per month.
MENAFN1907201800450000ID1097174824
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.