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  5. Mortgage real estate sales in Istanbul increase ten times and reach new record!

Mortgage real estate sales in Istanbul increase ten times and reach new record!

 

July mortgage gross sales of homes and flats in Istanbul have reached the very best degree in recent times. The Istanbul Municipal Bureau of Statistics (IBB) has revealed knowledge displaying that mortgage gross sales in July 2020 elevated tenfold and gross sales of secondary housing – by 174 %. In July, a complete of 39,432 housing items have been bough within the megalopolis: the month-to-month gross sales progress price reache 37 % whereas the annual progress price turn 128 %. Property patrons have been extra all for resale properties in Istanbul (the annual gross sales progress – 174 %). New residence gross sales additionally rose considerably, with an annual progress price of 55 %.

 

The share of mortgage transactions in complete gross sales rose to 61 % in July.

 

What have been the most well-liked districts? 58 % of the July gross sales of flats in Istanbul fell on the European aspect of the town with Esenyurt turning into the most well-liked space for property patrons in Istanbul (4,061 objects).

 

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