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  5. Real estate prices in Turkey increased by 25.8 percent in a year

Real estate prices in Turkey increased by 25.8 percent in a year

 

Based on TurkStat, gross sales of homes and residences in Turkey in September elevated by 19.9 p.c in comparison with August and decreased by 6.9 p.c in comparison with September 2019 gross sales. The annual development in property costs in Turkey recorded in the beginning of October 2020 amounted to 25.8 p.c. The common value of an condominium Turkısh was 590,343 TL (about €60,000), a sq. meter – 2,643 TL (about €270). There may be now a average decline in residential property gross sales in Turkey. It has been brought on by a gradual enhance in mortgage. Rates of interest in addition to the autumn of the Turkısh lira.
In the meantime, the development sector has been rising in Turkey for 5 months in a row. The Concrete Producers Affiliation (TRMCA) launched a standing report for the business in October 2020. Based on the report, the development sector  goes to finish the yr positively regardless of all of the financial difficulties.

 

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