Buying property
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Last year's home sales in Turkey reached the level of 1,449,000 units sold, which is 11% or 150,587 units more than in 2019. From January to December 2020, mortgage sales of residential real estate in Turkey increased by 72.4% on an annualized basis (573,377 units sold on a mortgage) while direct sales (without mortgages) decreased by 8.9%...
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The end of the year is the time for summing up the results and making forecasts for the next year. Turkish real estate experts predict a further rise in prices for land, houses and apartments in Turkey and give reasons for this rise. Impact of the pandemic on the Turkish sector Emlak Kulisi, a construction and real estate newspaper in Turkey,...
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Property in Turkey is in demand among citizens of many countries, especially in resort areas. In Mersin, residential towers stand 150 to 200 meters from the beaches, so owners of apartments there enjoy an excellent view from their windows. That is far from the only advantage of buying a home on the Mersin coast. Turk.Estate looked into the...
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Anyone scrolling through property listings in Turkey runs into the same codes: 0+1, 1+1, 2+1 and so on. What do they mean? What kinds of housing exist in the country, what is an apartment, a duplex, a penthouse, and how does a townhouse differ from a villa? Turk Estate answers these questions. Content: How foreigners and Turks choose housing...
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A mild climate, a wide selection of high-quality vegetables and fruits, clean sea, mountain air, and the opportunity to buy comfortable and affordable real estate in Turkey are huge advantages of this country. It's no wonder that a large number of foreigners dream of moving to this Mediterranean state permanently. Turk.Estate has found out what...
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The Anatolian region of Turkey is among the top five provinces where real estate prices have risen record high in 2020. The growth rate of apartment prices in Antalya in the first eleven months reached 48.57 percent. Property buyers are wondering if it is worth expecting a further rise in apartment prices in Antalya in 2021. Expert...
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Alanya, a small resort town on the Anatolian coast, has hit the absolute record for the rise in apartment prices in Turkey. According to the November 2020 house price index published by the Hürriyet Emlak newspaper, the rise in apartment prices in Alanya reached a record 85.32 percent! From November 2019 to November 2020, the average cost per...
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In November 2020, home sales in Turkey decreased by 18.7% compared to last year's November and amounted to 112,483 units. November sales leaders Istanbul remains the most popular city for real estate buyers in Turkey. In November, 21,158 residential properties were sold in Istanbul - 18.8% of the total monthly sales. Ankara was ranked the second...
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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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