Mortgage
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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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Turkey is experiencing a dynamic rise in prices for secondary housing. How have prices changed in 2020? In which cities and provinces is the secondary housing sold most often? How much does a square meter cost in different cities in Turkey? By the end of 2020, Turkey will be able to claim the European leadership in the number of real estate...
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The Turkish Ministry of Environment and Urban Planning released data on home mortgage sales in July 2020. Thanks to the mortgage campaign, the number of mortgage apartments sales increased by 1,000 percent in July compared to July 2019. In July 2020, 141,434 objects were sold using the mortgage in Turkey, while a year ago, 14,348 objects were sold...
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The Turkish housing market continues to be agitated by the mortgage campaign: both new and under construction apartments in Turkey as well as secondary housing are in high demand. Together with the growth in demand, property prices are steadily rising. Experts predict that in 2021 apartments in Turkey will dynamically rise in price, because...
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This forecast was made by Mehmet Kalyondcu, President of GYODER, Turkey's largest investment company. His interview on the future of the construction and housing sector has been published today by the Turkish real estate newspaper Emlak Kulisi. According to the expert, if Turkish banks continue to offer low interest rates to homebuyers, then the...
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The global company Colliers International (USA), which provides real estate services in different countries, has published a report on the impact of the pandemic on the Turkish market. What problems has it caused? The analysts said the housing projects that were under construction during the coronavirus outbreak have been hit hard....
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Turkey is currently experiencing a huge boost of mortgage sales thanks to the new mortgage campaign designed to revive the real estate business in the country. What should you definitely pay attention to when buying an apartment in Turkey on a mortgage? The construction and real estate newspaper Emlak Kulisi has published a list of ten...
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The demand for new and under construction apartments continues to grow in Turkey. While the number of homebuyers is growing (thanks to the new mortgage campaign), the number of tenants of real estate in Turkey continues to decline due to the coronavirus pandemic. However, while apartment rentals in Turkey are becoming less popular, the popularity...
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The Turkish Statistics Institute (TUIK) has released data on real estate sales for the first half of 2020. Compared to the period from January to June 2019, the number of transactions with residential real estate increased by 23.5 percent and amounted to 624,374 objects. The share of mortgage sales reached 43 percent and this figure continues to...
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