Türkiye new home sales up 3.9% in Sept; total housing transactions fall 9.3% YoY

New home sales in Türkiye rose 3.9% in September, comprising 36.2% of total sales, while overall housing transactions declined 9.3% year-on-year. The mixed data suggests a bifurcated housing market, with new supply outperforming resales amid high interest rates and affordability constraints. This signals continued weakness in the broader housing sector, with implications for construction activity and inflation dynamics.