In line with the information revealed within the quarterly actual property market report in Turkey. 624 thousand residences and homes had been offer within the nation for the six months of 2020. What preceded this? The final quarter of 2019 (in addition to the primary two months in 2020) turned out to be fairly busy for the Turkish financial system and its industrial buildings. Nevertheless, in March 2020, the coronavirus pandemic additionally affected Turkey, suspending or slowing down many financial processes. Thus, the nation’s development sector within the first quarter of 2020 decreased by. 1.5 %, and the true property sector in Turkey, which had beforehand demonstrated dynamic development, grew consequently by solely 2.4 %.
Within the first half of 2019, 505 thousand homes and residences had been offered in Turkey. I.e. development price of gross sales of Turkish properties within the first quarter of 2020 was 23.5 %. Contemplating the financial penalties of the coronavirus pandemic, this development price is comparatively excessive, consultants say.
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