Real estate loan in Turkey breaks records.
According to the latest data released by the Banking Regulatory and Supervision Agency, the utilization rate of housing loans for real estate in Turkey has broken a record of all time. The housing and real estate sector has gained popularity with Ziraat Bank, Halkbank and Vakıfbank, with a 1-year deferred 0.64 percent loan and a 2-year deferred loan package. Such conditions were introduced by the Turkish Ministry of Finance as one of the measures to restore the country's economy. In the first half of 2020, the volume of a housing loan for real estate in Turkey increased by 32.2 billion lire compared to last year, and reached 230.9 billion.