Turkey's mortgage campaign is ending. Turkey's authorities and banks managed to accomplish an economic miracle in three months: to attract personal savings of residents to the real sector of the economy affected by the pandemic. How is the Turkish real estate market performing today? The top property news in English on Turk.Estate.
- In June and July 2020, almost 420 thousand housing properties worth 140 billion liras were sold in Turkey. Favorable mortgage conditions prompted Turkish residents to invest their savings in apartments.
- The mortgage campaign in Turkey is about to end. It allowed the real estate sector, which was affected by the pandemic to recover.
- In which city of Turkey is property bought most often? According to the statistics, Istanbul has occupied the first place in the number of all types of real estate transactions. July mortgage home sales in Istanbul hit a record.
- The American profile magazine has published a traditional annual list of the 250 largest developers in the world. Turkey is ranked the second, overtaking the United States.
Young Turkish investors began to actively buy up land after the coronavirus pandemic. Why do young people aged 25 to 45 find it profitable to invest in land?