Real Estate Turkish house sales drop 12.9% in July as Russians top buyer list By Reuters August 17, 2022 Creative Commons July mortgaged sales declined 6.8 percent from a year earlier to 19,146 houses, accounting for 20.4 percent of the total sales during the period Turkish home sales fell 12.9 percent in July on the year to 93,902 houses, with sales to foreigners dropping 12.4 percent, data from the Turkish Statistical Institute showed on Tuesday. Russians topped the list of foreigners with 1,028 houses purchased, reflecting how many have sought a financial haven in the wake of Moscow’s invasion of Ukraine and the fallout of Western sanctions. They were followed by Iranians and Iraqis among the foreign buyers. The data also showed July mortgaged sales declined 6.8 percent from a year earlier to 19,146 houses, accounting for 20.4 percent of the total sales in the period.
