Home sales in Turkey climbed 20.6 percent in 2024 compared to a year ago, even as sales to foreigners tumbled 32.1 percent, Reuters reported, citing Turkish Statistical Institute data on Tuesday.
Russians again topped the list of foreign buyers with 4,867 houses purchased last year, followed by 2,166 buyers from Iran and 1,631 from Ukraine.
Home sales jumped 53.4 percent in December as a whole compared to the previous year, data showed. The central bank cut its key interest rate that month by 250 basis points to 47.5 percent, reversing an 18-month tightening drive.
Some 1.48 million homes were sold last year, including 212,637 last month.
The data also showed homes purchased with a mortgage surged 285.3 percent in December from a year earlier but dropped 10.8 percent in 2024 as a whole, making up 10.7 percent of all sales in the year.