In a significant move that highlights Turkey’s improving economic stability, Fitch Ratings has upgraded the country’s credit rating from B+ to BB-, with a stable outlook. This marks the second upgrade by Fitch in 2024, underscoring the positive strides Turkey is making in strengthening its external buffers and restoring confidence in its monetary policies. This […]
The report delves into the intricacies of the Turkey property market during the first quarter of 2024. Through meticulous analysis of key statistics and trends by Realty Homist experts, we aim to provide valuable insights for investors, developers, and stakeholders operating within this dynamic sector.
While third-quarter transactions in 2023 show a 1% increase, we are still witnessing a 14.9% decrease in the first nine months of the year compared to a similar period in 2022, according to statistics. The recent increase in bank interest rates has had a direct impact on housing transactions with bank facilities. In fact, September saw the lowest real estate transactions since 2021, and this trend is expected to continue through the end of 2023.
Source: TUIK In line with economic challenges in Turkey, real estate market continued decline in transaction volume. New baking strategies regarding the increase of interest rates has significantly effected the market. International investors in Turkey account for only 3% of transactions. #homistgroup#realtyhomist#buyhomeinturkey#investinTurkey#residenceinTurkey#homist#istanbul#luxuryhomes#ramsbeyond#emaar#ritzcarlton#bomonti#citizenship#russia#usa#uk#togetherwebuildwealth
Turkish Statistical Institute (TURKSTAT) has reported the latest housing sales statistics for October have been announced. It contains detailed information about real estate sales in Turkey. Let’s examine the sales to foreign nationals in Turkey. 102 thousand 660 houses were sold in Türkiye In Türkiye, house sales decreased by 25.3% in October compared to the […]
Homist offers deep analysis of real estate market in Turkey for Q3-2022 The third quarter was very similar to Q2 for foreign investor having Russian buyers on top of the list again. Turkey’s Economy in Q3 – 2022 GDP reached 4 trillion 258 billion 168 million TRY at current prices in the third quarter of […]
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