Despite its global decline, real estate sales are growing in Turkey

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Real estate sales in Turkey achieved a growth of 31 percent during the first half of this year, while they witnessed a significant decline in most countries of the world.

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The American real estate company, “Coldwell Banker”, said in a statement that sales of used homes in the United States witnessed a decline of 7 percent during the first half of 2022.

During this period, 34.3 million properties were sold in the United States, while the number reached 303 thousand and 6 properties in Canada, a decrease of 19 percent.

In Britain, real estate sales decreased by 23 percent during the first half of this year, reaching 630,170 properties.

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In the Netherlands, the percentage of real estate sales decreased by 23.5 percent, as only 91,305 properties were sold during the mentioned period.

The statement quoted Gökhan Taş, head of the US company’s “MasterTürk” group, as saying that real estate sales in Turkey have achieved record growth.

Tash added that real estate sales in Turkey grew by 31 percent, as 726,000 properties were sold during the first half of this year.

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He explained that the mentioned period witnessed the sale of 208 thousand new homes, while sales of used homes reached 517,000.