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year, driven by cheap loans. A monetary tightening cycle began in the second half of 2020. Mortgage-financed sales showed a 72.4% rise from 2019 to 573,000.
Data from TUIK also showed that property sales to foreigners fell 10.3% in 2020 compared with 2019 to 40,812 homes.
8.1.5 ​Tourism sector news
Turkey ​targets​ at least 25mn foreign tourists in 2021.
In 2020, foreign tourist arrivals in Turkey fell to less than 13mn, the lowest
figure seen since 2001.
Around 2,000 Turkish hotels and other tourist facilities, from the 5-star to the boutique, are presently on sale on online platforms, Turkish daily Sozcu reported​ on January 4.
There are currently 44 new hotels with 8,183 rooms under construction in Turkey, Top Hotel News ​reported​ on December 8.
As of December, Turkey had 1.89mn hotel beds and 875,984 hotel rooms.
8.1.6 ​Utilities sector news
42​ TURKEY Country Report​ February 2021 ​ ​www.intellinews.com