FAQ
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A year ago, Turkish banks reduced the mortgage rate for foreign buyers of real estate from 12.99 to 6-7 percent in December 2019. After reading about this in the news, Olga Orekhova from St. Petersburg went to Mahmutlar to look for an apartment in Turkey as a gift for the New Year. CONTENT Background. I've always dreamed of a house or apartment...
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2020 has become the year of the mortgage boom in Turkey. The country's authorities cut interest rates to the lowest level ever to save the economy in the face of the coronavirus pandemic. The all-time-low interest rates have led to record-breaking home sales. In total, from January to October 2020, the number of mortgage transactions in Turkey...
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The high demand for housing caused by the historic mortgage campaign continues to gradually subside. House and apartment sales decreased by 16.3 percent in Turkey in October 2020 compared to October of the last year and amounted to 119 thousand 574 objects. CONTENT Leading cities in October sales Mortgage sales of October Direct sales of...
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Has the past decade been successful for real estate investors in Turkey? How many houses and apartments were sold and how much did prices increase? Is it possible to consider buying apartments in Turkey an effective way to save and increase capital? The Turk.Estate web-portal has analyzed the ten-year statistics of Turkish housing sales to get...
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A couple of years ago, the authorities of the Republic of Turkey lowered the investment threshold for those who want to obtain citizenship under the golden passports program in the third quarter of 2018. Since then, foreign buyers of real estate have had a unique opportunity to become citizens of the country ahead of time for a little amount of...
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September sales of houses and apartments in Turkey decreased by 6.9 percent compared to the last year's stats and amounted to 136,744 objects. Where was the most housing sold in September 2020? The largest number of sales has been traditionally recorded in Istanbul: 18.6 percent or 25,399 objects. The second place continues to be held by the...
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Those who plan to buy a house in one of the Turkish cities to earn money on rent or use it as an overseas residence often have the same questions. They relate to obtaining a Turkish residence permit and citizenship. Specially for future investors in properties in Antalya, Istanbul, Ankara, Alanya, Kemer, Izmir, Bodrum and other cities and provinces...
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In July 2016, a new law came into force in Turkey, allowing foreigners to obtain Turkish citizenship if they have a property there. Initially, the investment threshold for such buyers was quite high - $1 million. However, four years ago, in September 2018, it was reduced to $250,000. After the threshold was significantly reduced, wealthy foreigners...
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As expected, August sales of apartments in Turkey turned out to be lower than in July: the mortgage campaign is declining. Interest rates are gradually increasing both in state and commercial banks, the grace period for mortgage repayment has been canceled, and in general, most of those who wanted to buy an apartment in Turkey have already managed...
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The 2+1 house plan is perhaps the most popular option in Turkey. It is an apartment with two separate bedrooms and a living room with an American kitchen (or a living room and a separate kitchen in Turkish-style houses). Most often, 2+1 apartments have two adjacent bathrooms (rarely one or three), large balconies or terraces overlooking the garden...
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