The pandemic has had a contradictory ripple effect on the situation with the turkish real estate market
The pandemic has had a contradictory ripple effect on the situation with the turkish real estate market
09.07.2021
2117
0
0
According to the Institute of Turkish Statistics, sales in the real estate market in 2021 decreased significantly compared to the same period in 2020. The fall in demand exceeded 10%, with mortgage transactions accounting for a large share of them. However, the pandemic did not frighten away Russian citizens. They rank third after Iraqis and Iranians in terms of the number of acquired properties. Following the Russians, Afghans and residents of Kazakhstan close the five leaders. In June, the situation changed dramatically and sales of real estate to foreigners jumped by almost 185%.
According to the Central Bank of the Republic of Turkey (CBRT), Turkey's Residential Property Price Index (RPPI) rose by 2.1% in October compared to September, reaching a level of 151.1 on a basic scale. The index recorded an annual nominal increase of 26.8%, but a real decrease of 14.7% after...
Unstable economic situation in the world has had a direct impact on real estate mortgage lending. And although the rate on property loans in Turkey is quite low, an increasing number of real estate buyers prefer to pay cash for the apartments purchase. In June, mortgage transactions accounted...
10 minutes walk to the sea, the main attractions of Alanya are located nearby - the Red Tower, the 13th century Alanei Fortress, the city port, Cleopatra's beach and Damlatash cave - all these are just a few advantages of Yekta Royal Club Residence project.
The developer announces that all...