Euro rates
  • USD/RUB92.42
  • GBP/RUB116.676
  • TRY/RUB2.9807
  • EUR/RUB99.8968
2116apartments on site

The pandemic has had a contradictory ripple effect on the situation with the turkish real estate market

  • 09.07.2021
  • 1703
  • 0
  • 0
The pandemic has had a contradictory ripple effect on the situation with the turkish real estate market 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%.
Read also
  • Number of foreigners granted residence permits in Turkey in 2023 revealed
    In 2023, Turkey registered 1,107,032 foreigners who received residence permits in the country. This number is 250,000 less than in 2022. Citizens of Turkmenistan lead the list of nationalities, displacing Russians from their previous leading positions. In 2023, citizens of Turkmenistan received...
  • Mortgage loans lose cash payment when buying real estate in Turkey
    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...
  • Yekta Homes presents a new project in the heart of Alanya - Yekta Royal Club Residence!
    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...
Free consultation

Schedule a consultation with our real estate experts

Ali Pazandeh
Sales representative, Graphic designer