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. According to the minister,record sales of apartments in Turkey were observed in July, which was also confirmed by the published stats.
How many building permits were issued in Turkey from January to July 2020? Turkey's real estate publication Emlak Kulisi has reported that the number of official permits issued by municipalities has increased by 45.5 percent in the first six months compared to last year's figures. In total, construction permits were issued for 43.9 million square meters, where the share of housing is 23.8 million square meters, the share of non-residential premises - 11.4 million square meters, the share of public spaces - 8.7 million square meters. The number of housing construction permits decreased by 35.6 percent compared to the first half of 2019.