The Bloom in Property Sales in Turkey, 2020

Mar 06, 2020
Coldwell Banker Turkey chairman Gökhan Taş, who is responsible for the country, made a statement that Central Bank of the Turkish Republic’s interest discount effects the house sales. On his written statement, he claims that this interest discount is going to increase property sales for local people in Turkey.
 
According to news of AA (Anatolian Agent), Gökhan Taş draws attention to discounts which were 75 points in January, and 50 points more in february so that politics interest is back to 10,75. He says  ‘’The rate of the avarage mortgage loan interest is %0,98. We expect that this rate will decrease more. So, we predict that 200.000 more properties are going to be sold by mortgage loan.
 
He point out what the central bank decreases the rate in January and February will monumentally contribute to the real estate industry in 2020 adding that each discount of 0,50 in the mortgage loan interest provides approximately 200.000 more property sales.         
 

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