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Tag Archives: mortgages

Turkish Property Boom Finally Hears the B Word

Well it finally happened, the word bubble was mentioned in relation to the Turkish property boom, but no, we aren't going to argue against it. This is because caution over whether the boom is a bubble has led to banking regulator the BRSA capping the maximum loan to value at...

Posted on 30 December 2010

An Exciting Time for Turkish Property

Overseas mortgage provider Conti has provided more than mortgages for Turkey this month. According to the firm, Turkey was the third biggest destination in terms of demand for mortgages from foreign property buyers. 18% of all Conti's mortgage applications for overseas property purchases were for mortgages to buy Turkish property,...

Posted on 24 September 2010

Turkish Central Bank Leaves Rate Unchanged

The Turkish Central Bank’s Monetary Policy Board kept the benchmark interest rates unchanged Thursday, with the overnight borrowing rate at 6.50 percent and lending rate at 9 percent. This is positive news for anyone considering buying a property in Turkey. Because Turkey made banking reforms in the 2001 crisis, liquidity...

Posted on 20 August 2010

Turkish Mortgage Demand Doubles in May – Conti

Overseas mortgage provider Conti has revealed massive growth in demand for Turkish mortgages. Conti has said that demand for mortgages for Turkish property has been growing steadily over the past year, but that quotes doubled in May compared to April. This is the biggest sign we have had that growth...

Posted on 10 June 2010

Mortgages Still Available in Turkey, because of Tighter Lending Policies

In the middle of last year, we covered on this blog, a Forbes article, which said that the measures enacted by Turkey in its 2001 banking crash, would insulate the financial sector from the worst of this crash. As more and more time passes, and Turkey's banking sector continues to...

Posted on 20 March 2010

Turkish Property Sales up 24% Year on Year in 2009

House sales in Turkey rose 24% year-on-year in the nine months ending September last year, according to new data from the Real Estate Investing Partners Association (GYODER). The body put the rise down to a reduction in title deed fees and value-added tax (KDV), as well as promotions by developers....

Posted on 25 February 2010

Turkish Property Prices Up in July

Turkish property prices increased in six major cities in July, according to the most reputed index ran by reidin.com in conjunction with Garanti bank. The biggest increase was a 3.65% growth in Kocaeli house prices, Adana was a distant second with 1.09%, Ankara third with 0.98% house price growth, and...

Posted on 27 August 2009

Turkish Banks See Profits Bulge in First Half of 2009

Earlier this year, we followed up on a Forbes report regarding the health of Turkish banks because of the reforms made during Turkey's economic crisis at the turn of the millennium. Yesterday saw several Turkish banks reveal their figures for the first half of this year, which completely backed up...

Posted on 07 August 2009

Turkey Property: Mortgages Still Available

Yesterday Forbes ran a story on how Turkey was more resilient to the credit crunch, because of reforms made to its banking sector years ago. Turkey's banking system collapsed in 2001, when "toxic assets, sloppy management and bad credits caused 24 banks to "go south", the article explained. The reforms...

Posted on 13 March 2009