Despite declining credit sales in 76 provinces, mortgage housing is in the highest demand in the remaining five.
Moreover, the most unexpected growth for analysts was recorded in Adana, Gaziantep and Diyarbakır. For example, Adana accounted for 99 to 212 apartments per month (in February 2024), which was +114.1%.
The total volume of housing sales increased by 123.2% in Diyarbakır, while mortgage sales grew by 122.6%: from 62 to 138. This figure is +107% in Gaziantep. 178 mortgage apartments were purchased (compared to 86 as previously calculated). Two more provinces that have "registered" an increase in the number of mortgage transactions are Kilis (+50%) and Şanlıurfa (+51.3%).
Two more provinces "marked" by an increase in mortgage lending transactions are Kilis (+50%) and Sanliurfa (+51.3%).
More information on mortgage transactions nationwide for February 2024 can be found here, but March statistics are expected in the next few days.