Nova Property | Search. See. Love.

In Turkey, it has become much more common to buy real estate with a mortgage

  • by Contact us
  • 2 years ago
  • News
  • 0

The last year has shown that it is extremely profitable to get a mortgage to buy real estate. And how else to explain that the percentage of registration of a mortgage loan has increased significantly.

Recall that in 2019, the Republic of Turkey reduced the interest rate several times. And by the end of last year, it had almost halved in state banks.

In December, the number of people who used a loan to buy a property increased by 600% compared to November. It turns out that more than 50,000 objects were purchased.

Foreign citizens will also be able to get a loan. Some local banks provide it for up to 10 years. 

Recall the necessary documents for applying for a mortgage loan. The main thing to pay attention to is a salary certificate, documents confirming property rights and a bank account statement of a certain format. The local bank will look at Turkish translations of these certificates.

Compare listings