Homes sales in Turkey declined by 5% y/y to 95,953 units in February, after rising by 1.7% y/y to 97,019 units in January, national statistics office TUIK reported on March 21.
Mortgage sales fell by a sharper 28% y/y to 27,916 units in the month, following the 20% y/y decrease seen in the first month of 2018.
TUIK also reported that property sales to foreigners increased by 32% y/y to 1,729 units in February. That came on top of the 26% y/y rise in January.
Consequently, home sales declined by 2% y/y to 192,792 units in January-February while mortgage sales fell by 24% y/y to 56,594 units. Home sales to foreigners rose by 29% y/y to 3,471 units in the first two months of the year.
Homes sales rose by 5% y/y to 1.41mn units in 2017, marking a new all-time high, following the 4% y/y gain in 2016 to 1.34mn units.
Construction confidence decreased by 3.7% m/m in February after rising 6.7% m/m in January.
Russian statistics agency Rosstat has revised the flash estimate of GDP growth in 3Q18 from previous 1.3% y/y to 1.5% y/y. The GDP breakdown by industry showed that the financial sector, trade, transportation, and extraction are driving growth
The National Bank of Ukraine (NBU) has kept its key policy rate at 18% following its increase by 0.5 percentage points (pp), from September 7, the regulator said in a statement on December 13.
Recent studies show that online shopping has become a habit, and internet penetration is high, even among the older population.
The Tretyakov Gallery, a leading Moscow museum that exhibits more than 190,000 works by modern and contemporary Russian artists, has decided to use blockchain to attract private capital for the digitization of its collection, reports East-West Digita
Slovakia´s industrial output increased by 1.2% in October year-on-year, the Slovak Statistics Office reported on December 11. The growth was due to a growth in manufacturing, a drop in energy supplies and in mining and quarrying.