After the stagnation in the domestic real estate market in Turkey, the recovery returned to this booming market, and real estate sales in Turkey rose after the interest rate cut.
Real estate sales have more than doubled with the unprecedented interest rate cut.
Turkish real estate experts confirmed that owning a property in Turkey is not easy for many in Turkey and that this reduction facilitated the opportunity to own a property in Turkey, which increases the recovery of the Turkish real estate market and doubles the chances of profits.
According to the issued data, the average loan per person amounted to 220 thousand Turkish liras, equivalent to 32 thousand dollars, the interest rate is 0.64%, and the repayment period is up to 10 years.
June saw the sale of 94 thousand properties with loans totalling 20 billion Turkish liras.
Observers indicated that if the interest rate continues to drop, the number of properties expected to be sold until the end of this year is one and a half million real estate units.
It seems that now is the most appropriate time to buy your property in Turkey with the permanent vitality of this market, call now and see your suitable project.