Post by The March Hare on Apr 6, 2006 22:11:14 GMT 1
The real estate market in Turkey reached a peak both in terms of the number of sales and investments in real estates. Purchase of residences on bank credit was also increased. The number of mortgages on residences increased 3.4 times, compared with the previous year, reaching 196 thousand 523.
The General Management of Title Deeds and Castral Surveys established the number of the sales and mortgages on real estates and their value. The real estate sector was activated in 2003, pursuant to the economical crisis, and a real boom was observed in this field last year. The sales amounted to 1 million 805 in 2003; to 1 million 216 thousand 402 in 2004, and to 1 million 362 thousand 641 last year..
The demand for property resulted to abnormal increase in prices especially during 2005. The ratio of funds paid for real estates was incredibly higher than the number of properties, which changed hands at the offices of title deeds.
Investments in real estates were 17 billion 424.9 million YTL in 2003, and 24 billion 344.2 million YTL in 2004. Last year the funds paid by citizens for real estate purchases amounted in 33 billion 129.8 million YTL. Thus, investments in real estates indicated an increase of 90.1 % in comparison with 2003 and 35.1% in comparison with
The General Management of Title Deeds and Castral Surveys established the number of the sales and mortgages on real estates and their value. The real estate sector was activated in 2003, pursuant to the economical crisis, and a real boom was observed in this field last year. The sales amounted to 1 million 805 in 2003; to 1 million 216 thousand 402 in 2004, and to 1 million 362 thousand 641 last year..
The demand for property resulted to abnormal increase in prices especially during 2005. The ratio of funds paid for real estates was incredibly higher than the number of properties, which changed hands at the offices of title deeds.
Investments in real estates were 17 billion 424.9 million YTL in 2003, and 24 billion 344.2 million YTL in 2004. Last year the funds paid by citizens for real estate purchases amounted in 33 billion 129.8 million YTL. Thus, investments in real estates indicated an increase of 90.1 % in comparison with 2003 and 35.1% in comparison with
