Euro rates
  • USD/RUB70.9006
  • GBP/RUB98.0535
  • TRY/RUB7.6172
  • EUR/RUB82.6346
647apartments on site

In June, there is an increase in demand for secondary housing in Turkey

  • 19.07.2021
  • 493
  • 1
  • 0
In June, there is an increase in demand for secondary housing in Turkey Due to the decline in the construction of new real estate in Turkey and the global pandemic, buyers found themselves in a situation of limited choice. Apartments in new buildings are still popular, but their range is not able to fully satisfy all the wishes of buyers. In June, according to the sales results, secondary housing is confidently leading. The share of new building deals was only about 30 percent. Istanbul takes the leading sales positions. Ankara, Alanya, Mahmutlar are also popular cities in this regard. The number of construction projects increases with growing demand. Many licenses for the construction of villas are issued daily.
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...
  • 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...
  • 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...
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