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Image used for illustrative purpose. Headquarters of Isbank (center L) is seen next to Isbank Towers in Istanbul, Turkey, October 21, 2016. Murad Sezer, Reuters
Turkish house sales fell 1.1% year-on-year in August to 122,091 units, official data showed on Friday, dipping after showing a strong rise a month earlier.
In the first eight months of the year as a whole, sales were down 15.5% from a year earlier to 797,418, the Turkish Statistical Institute figures showed.
In August, sales to foreigners dropped 42% from a year earlier to 3,058 houses, with 733 sold to Russian citizens, reflecting still how many have sought a financial haven in the wake of Moscow's invasion of Ukraine and Western sanctions.
The data showed August mortgaged sales fell 26.1% from a year earlier to 16,375 houses, accounting for 13.4% of total sales. (Reporting by Daren Butler; Editing by Jonathan Spicer)