In June, there is an increase in demand for secondary housing in Turkey
In June, there is an increase in demand for secondary housing in Turkey
19.07.2021
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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.
Turkey is actively developing its transportation infrastructure, and one of the most important projects is the construction of the YHT high-speed rail network, which will connect the central regions of the country with the southern coast. Special attention is paid to the branch connecting the...
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...
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...
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