Real estate in Turkey. Sad statistics for May.
In May 2020, compared with last year, real estate sales statistics fell by 44.6%. The total number of transactions is 50,936. At the same time, 18,483 were recorded with mortgage loans, which shows a 24% increase in interest in mortgages compared to May last year.
The sale of real estate in Turkey to foreigners due to the pandemic in May 2020 fell by 78.1%. The total number of transactions is only 860. Of these, most transactions were carried out in Istanbul. Antalya is on the second place by sales of real estate in Turkey to foreigners in May. In total, in May 130 real estate in Antalya was sold to foreigners. Despite the sad statistics of May, in June, real estate sales on the Mediterranean coast showed a sharp increase due to a strong decrease in lending rates and high interest from residents of large cities in resort real estate. Official statistics for June will be published in July.