Mortgage
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From January to August 2020, 1,024,534 housing objects were sold in Turkey: 42.6 percent more than in the same period last year. This year, resale property sales for the first time in many years exceeded sales of new apartments in Turkey. From January to August, 706,702 secondary housing objects were sold. This is 63.3 percent of the total sales of...
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A list of current prices for renting apartments in Istanbul by district has been published. Emlak Kulisi, the real estate publication in Turkey, has reported that rental prices in new buildings in Istanbul are increasing almost daily today. A large number of apartments bought during the mortgage boom are rented out at a higher price as the rent...
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In the first 8 months of 2020, 1.25 million apartments and houses were sold in Turkey. Market experts predict that by the end of the year, another 0.5 million housing objects may be purchased. In this case, Turkey will set a new record in real estate sales - the annual sales result will exceed 1.5 million properties. The dynamics of sales of...
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Official data has been published on the monthly and annual growth in apartment prices in Turkey: in August, Turkish housing prices rose by an average of 2 percent, on an annualized basis - by 22 percent. The dynamics of price growth in the context of the coronavirus clearly demonstrates that it is profitable and promising to invest in real estate...
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For eight months of 2020, a record number of residential real estate was sold in Turkey - 1 million 24 thousand 534 objects. This is 42.6 percent more than in the same period (January to August) last year. Turkish home sales have surged despite the coronavirus pandemic. According to data published by the Turkish Statistics Institute (TUIK), in...
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Thanks to the mortgage campaign that has been going on in Turkey since the beginning of June, the country is running out of homes available for sale. Emlak Kulisi, the construction and real estate newspaper in Turkey, reports that 70 percent of the properties offered for sale through advertisements have been sold so far. So in June 190 thousand...
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In Turkey, real estate sales continue to grow, while the TOP-7 most popular cities and provinces with buyers have not changed since last year and looks like this in 2020: Istanbul, Ankara, Izmir, Antalya, Bursa, Mersin, Konya. If last year the top ten cities and provinces were closed by Adana, Gaziantep and Tekirdag, this year Kocaeli, Gaziantep...
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Perhaps the main event of the week was the entry into force of the new rules that regulate the work of realtors in Turkey. Since August 31, only licensed agencies have the right to sell or rent apartments in Turkey: realtors who advertise their properties on social networks without new permits will face heavy fines. The authorities hope that the...
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The international real estate analytical portal Global Property Guide has published data on the global growth rates of house prices in the second quarter of 2020. The report covered 49 countries, in 33 of them property prices rose in line with inflation despite the coronavirus pandemic. A steady rise in prices was observed in Thailand (+ 8.16...
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Despite the fact that sales of Turkish real estate increased in the first half of 2020 by 23.5 percent compared to the same period in 2019, the share of foreign buyers was only 0.9 percent of the total number of transactions. The reasons for such a sharp decline in overseas investments are the coronavirus pandemic, restrictions on international...
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