The number of residential properties sold in Turkey surged 54.4% year-on-year in November, the country’s statistical authority said Tuesday.
A total of 138,372 houses changed hands last month, up from 89,626 last year, Turkish Statistical Institute (TurkStat) data showed.
Housing sales to foreigners slipped significantly in the month.
“House sales to foreigners totaled 3,988, decreasing 14.6% compared to the same month last year,” it said.
Istanbul, the country’s largest city by population, enjoyed the lion’s share of those sales to foreigners, with 47% (or 1,885 units).
The Mediterranean holiday resort city of Antalya followed with 825 properties, while the