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
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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%.
Minister of Tourism Mehmet Ersoy noted that the number of people wishing to stay in the country for more than 60 days is decreasing, which negatively affects the entire tourism sector. The simplification of obtaining a residence permit in the state will be facilitated by depositing funds in banks in...
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...