Euro rates
  • USD/RUB71.2226
  • GBP/RUB97.9429
  • TRY/RUB7.7131
  • EUR/RUB82.6325
Alanya
+16°C
647apartments on site

Turkey hits mortgage record

  • 29.06.2020
  • 1065
  • 0
  • 0
Turkey hits mortgage record

Over the past week alone, the size of mortgage loans increased by $ 613 million, and in general over two weeks the size of bank loans increased by $ 5.3 billion.

This is due to the fact that recently the government ordered that the state banks issued mortgage loans at the lowest rates in Turkish history.

This anti-crisis
measure supports the real estate sector in the country during the difficult
time caused by the COVID-19 pandemic. In May, sales figures fell 44.6% compared
with May 2019, but rose 19.1% within the month. This shows that real estate
market is recovering.
Read also
  • Prices for ready-to-move housing in Turkey may double
    In the first half of this year, prices on the construction materials market increased by more than 53%. In Turkey, concrete, metal structures, and other materials necessary for capital construction are more expensive. The developers believe that prices may double by the end of the year. So far, the...
    23.09.2021
  • Turkey resumes flights to 40 countries
    The country has announced that it is going to resume international flights gradually starting with June 10. The first international flights will be available to Bahrein, Bulgaria, Qatar and Greece. Tourists from Kazakhstan, Azerbaijan, Tajikistan and many other countries will be able to fly to...
    08.06.2020
  • Turks get a mortgage almost 150% more often
    Over the first four months in 2020, 383,821 homes were sold in Turkey. Property buyers used a mortgage in 145,387 cases. This number increased by 141.4%. The sold properties included 122,280 new homes. The number of sold new homes experienced a 16% decrease comparing with the same period in 2019....
    01.06.2020
Free consultation

Schedule a consultation with our real estate experts

Vildan van Welsen
Sales representative
+90 (530) 566 06 66
Turkish, English, Norwegian, Danish, Swedish, German, Persian