Real Estate in Turkey - Reha Medin Global

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Real Estate in Istanbul Turkey - Reha Medin Global

The Fourth Quarter of 2015 will be Beneficial for Real Estate in Turkey

The Fourth Quarter of 2015 will be Beneficial for Real Estate in Turkey

Real estate experts of Turkey have evaluated the state of real estate in Turkey in the third quarter of 2015 and shared their comments on the upcoming changes in the sector.
Experts indicate that the cumulative changes in mortgage loans have increased 5 percent compared to the same period last year and noticeable changes in loans will be apparent in the forthcoming months. In the third quarter of 2015, mortgaged housing sales have increased 23 percent; the total housing sales in Turkey have increased 13 percent as well. Experts also stated that due to the increase in the interest rates of mortgage loans, the sales of Turkish real estate have decelerated. In addition to this situation, there will be a visible raise in demands in the fourth quarter of the year, especially for middle class housing and luxury housing in Turkey. Another common ground for the experts is that after the elections in Turkey, the country’s political and economic environment is much more stabilized, thus the raise in real estate sales in Turkey will also proceed to rise in the first quarter of 2016.

 


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