According to a recent report (TurkStat, 2014) over 1 million houses were sold throughout Turkey in 2013 with Istanbul accounting for over 20% of all sales. Mortgages are also on the rise with over 60% of all purchases made with assistance from the bank with Istanbul claiming 23.3% of all house mortgage sales in Turkey.
Such stats are a sign that Turkey’s property market is rapidly maturing which is a good sign for foreign investors.
