The Decline İn Housing Sales Will Be Short

Sector representatives predict that the decline in housing sales, which saw a 1.9 percent decrease in January 2015 compared to the same period in January, will be short, while home sales will pass through the second quarter of the year.

According to the statement released by TURKSTAT, housing sales in Turkey decreased by 1.9 percent in January 2016 compared to the same month of the previous year and decreased to 84,556. In other words, the sector representatives who evaluated the data as AA reporters indicated that they were hopeful for the year despite the decrease in sales.

Hamir Demir, Chairman of Demir Construction, recalled that the year 2015 was closed with records in terms of the housing sector and reminded that they had previously stated that they expect an increase in 2016.

"The events in Syria and the rumors that Turkey will enter the war, the high level of the loan interest rates of the banks and the negativities in the Southeast negatively affect the investors in particular, negatively affecting our investors. There were those who came to the conclusion, but they said, 'May I wait a little, will war in Syria?' "So we have a 50 percent reduction in sales," he said.

Melih Tavukçuoğlu, Chairman of the Association of Construction Contractors of Anatolian Side (AYİDER), said that 2015 is closed with good figures in terms of political and economical, and that a good entrance to 2016 was made despite the drop of 1.9 percent.

"However, this decline will be short-term, and housing sales will increase even more in the coming period," said Tavukcuoglu, reminding that the sales figures have dropped slightly.


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