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Turkish November house sales surge 59% year-on-year

Turkish November house sales surge 59% year-on-year

ISTANBUL: Turkish house sales jumped 59% year-on-year in November to 178,814 houses, data from the Turkish Statistical Institute showed on Tuesday.

The data showed November mortgage sales climbed 61% from a year earlier to 39,366, accounting for 22% of the total in the period.

Last year, sales surged due to pandemic-era cheap loans from state banks, prompting real estate developers to launch campaigns for buyers.

Source: Business Recorder

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