Development of the real estate sector in Turkey in 2019 – Increase in mortgage financed Turkish property continues in September 2019
In September 2019 a total of 149,903 properties were sold, 15.4% more than in September 2018. Istanbul took first place with 23,265 transfers and a share of 15,8%, followed by Ankara with 14,906 (10,1%) and Izmir with 8,830 transfers (6%).
Development of the real estate sector in Turkey in 2019 – Increase in mortgage financed property sales in August
In August a total of 110,538 properties were sold, 5,2% more than in August 2018. Istanbul took first place with 15,881 transfers and a share of 14,4%, followed by Ankara with 10,707 (9,7%) and Izmir with 6,025 transfers (5,5%).
Development of the real estate sector in Turkey in 2019 – Decline in mortgage financed property sales in July
In July, 102,236 properties were sold, 17,5% less than in July 2018. Istanbul took first place with 17,279 transfers and a share of 16,9%, followed by Ankara with 9,491 (9,3%) and Izmir with 5,576 transfers (5,5%).
Development of the real estate sector in Turkey - June 2019
In June, 61,355 properties were sold, 48,6% less than in June 2018. Istanbul took first place with 10,060 transfers and a share of 16,4%, followed by Ankara with 5,430 (8,9%) and Antalya with 3,390 transfers (5,5%).
Development of the real estate sector in Turkey - May 2019
In May, 82,252 properties were sold, 31,3% less than in May of the previous year. Istanbul took first place with 15,895 transfers and a share of 19,3%, followed by Ankara with 8,240 (10%) and Antalya with 5,091 transfers (6,2%).
Development of the real estate sector in Turkey - April 2019
In April, 84,403 properties were sold, 18,1% less than in April of the previous year. Istanbul took first place with 15,481 transfers and a share of 18,3%, followed by Ankara with 7,519 (8,9%) and Izmir with 4,797 transfers (5,7%).
Development of the real estate sector in Turkey - March 2019
In March, 105,046 properties were sold, 5,3% less than in March of the previous year. Istanbul took first place with 19,140 transfers and a share of 18,2%, followed by Ankara with 10,619 (10,1%) and Izmir with 6,366 transfers (6,1%).
Development of the real estate sector in Turkey - February 2019
In February, 78,450 properties were sold, 18.2% less than in February of the previous year. Istanbul took first place with 14,462 transfers and a share of 18.4%, followed by Ankara with 7,690 (9.8%) and Izmir with 4,403 transfers (5.6%).
Turkey Real Estate - Mandatory expert opinion for determining the value of real estate in Turkey
As of 4 March 2019, a new regulation will come into force which is relevant for the sale of real estate in Turkey to foreign citizens. It introduces the obligation to submit a valuation report for real estate located in Turkey. The declared objectives are to avoid excessive price demands, to increase cost transparency in the construction sector for Turkish apartments and houses and thereby to improve the brand value "Made in Turkey".
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