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[BUSINESS] · Türkiye · 43 sources

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Turkey economic data shows decline in housing and vehicle registrations

Data from the Turkish Statistical Institute (TÜİK) for August shows a decline in the national housing market, with total sales reaching 127,410 units, a 14.7% decrease compared to the same month last year. First-hand sales fell by 4.5% to 44,378, while second-hand sales dropped by 19.4% to 83,032. Despite the overall decline, mortgage-backed sales increased by 7.2% year-on-year to 22,131. Foreign buyers accounted for 1,938 sales, with Russian, Ukrainian, and Iranian citizens being the primary nationalities. Regional data highlights varied activity, such as Konya maintaining resilience in the real estate sector.

In the motor vehicle sector, August saw 171,887 new vehicle registrations, a 20.1% decrease from the previous year and a 17.2% decrease from the previous month. Motorcycles accounted for 47.5% of new registrations, followed by automobiles at 38.4%. The total number of registered vehicles in Turkey reached 34,911,879. Meanwhile, vehicle transfers totaled 917,143 units, with automobiles making up 66.4% of these transactions.

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Erzurum · Hyundai · Kahramanmaraş · Konya · Renault · Samsun · Turkey · Turkish Statistical Institute · TÜİK · Van · Volkswagen

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