Mortgage
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420 thousand apartments and houses were sold in Turkey in June and July 2020. These figures have been published by Emlak Kulisi, the construction and real estate newspaper in Turkey. The reason for the record sales is the mortgage campaign with the interest rate lowered to the lowest level of 0.64 percent. So in June 2020, 192,012 housing objects...
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After the pandemic, Turkish young people and white-collar workers who had not previously considered land plots as an investment option began to invest in land after the pandemic. Emlak Kulisi, a real estate publication in Turkey stated that over the past ten years, the average age of investors in land in Turkey has dropped significantly, today the...
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At the end of August 2020, the special mortgage campaign in Turkey will expire. This campaign started at the end of May and caused a stir in the Turkish real estate market. Property buyers in Turkey have been offered the lowest interest rates in history, deferral of payment for a year or two and the longer loan terms. During the mortgage campaign ,...
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July mortgage sales of houses and apartments in Istanbul have reached the highest level in recent years. The Istanbul Municipal Bureau of Statistics (IBB) has published data showing that mortgage sales in July 2020 increased tenfold and sales of secondary housing - by 174 percent. In July, a total of 39,432 housing units were sold in the...
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Turkey's property for sale continues to rise in price, and the construction sector - to get through the consequences of the pandemic. What's happening in the real estate market in Turkey? Is it worth investing now? The top property news in English on Turk.Estate. In July 2020, Turkey set a historic record for apartment and house sales. This...
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Turkish Finance Minister Berat Albayrak assessed the interim results of the mortgage campaign that continues in Turkey. The minister thanked the country's banks in his blog for their invaluable contribution to the mortgage campaign and said that the construction market, which has activated 250 sectors of the Turkish economy, continues to grow....
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The housing sales boom continues in Turkey. The June sales record (312,409 properties) was broken in July 2020: 365,179 properties were sold in Turkey during the second summer month. According to the results of the first seven months of 2020, the total number of housing sold reached 1,423,627 objects, and the total cost of transactions -...
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Turkish real estate remains in high demand among the residents of the country, however, the mortgage campaign has declined. Now, when Turkey has reopened regular flights with 48 countries, Turkish developers and agencies have high hopes for foreign buyers of apartments and villas. What's happening in the real estate market in Turkey? The top...
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Experts of the Turkish real estate market state that homeowners who have greatly inflated prices on the wave of the mortgage rush will now have to wait a long time for buyers. The unique mortgage campaign in Turkey is on the wane: loan amounts have already fallen, interest rates have risen, and the upward trend will continue. By August 2020, the...
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Real estate sales in Turkey in the first half of 2020 amounted to 1,058,448 housing units, despite the coronavirus pandemic and related restrictions. These figures have been published by the Anadolu news agency. Most of the apartments were sold during this period in Istanbul (150,699 objects), the second place was taken by Ankara (93,511 objects),...
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