Many people are waiting for decreasing the interest rates from banks which are operating in Turkey. Of course, there are a lot of purchasing seasons for houses in different countries of the world.
TÜİK has announced the sale of houses in Turkey. In April, housing sales declined by 18.1 percent compared to the same month of the previous year and fell to 84,403 units. This number of sales is the second lowest data of the last seven years. In Turkey, the first time the previous year, the number of houses sold decreased by 29.6 percent compared to the same month was 33 thousand 443. The share of the first sale in total housing sales was 39.6 percent. Turkey in the second-hand housing sales, a decrease of 8.3 percent compared to the same month of the previous year was 50 thousand 960. In the second hand house sales, Istanbul was the first with 9 thousand 57 houses and with a share of 17.8%.
When we look at the general picture of house market of Turkey, many investors hope the interest rates will decrease in a short time to get a credit from banks. In many developing markets like Turkey, the market conditions and purchasing power are determined by banks. Because, the credibility is an important factor for purchasing any houses. Unlike the residents, foreign investors started to make a serious amount of investments because of citizenship factor. Today, it’s possible to acquire Turkish citizenship with a minimum 250.000 USD investment in Turkey.
Chief editor of Invest Guide Turkey. Graduated from the Business Administration programme on 2014 and works as a journalist in the field of Foreign Investments in Turkey for 5 years.