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“When we look at TSI’s home sale statistics in Turkey for January 2013-May 2016 period, we can see that monthly sale figures for January 2013-July 2014 period were swinging between 80 – 100 thousand, and after that period, it was between 100 - 120 thousand. Therefore, it would be safe to assume that monthly home sales experienced a steady swing since January 2013. Same assumption is also good for new houses, second hand houses, mortgage sales, and other types of sales. The decrease in mortgage sales which started in July 2013, hit rock bottom in January 2014 and peaked in September 2014, but started to decrease again in March-April 2015.”
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