According to the sector analysis report that EVA Real Estate Appraisal carried out every month, it increased by 5.7% compared to the same period of the previous year as of the end of February. By the end of February 2017, housing sales decreased by 0.2% in Istanbul compared to the previous year, while it was recorded as 11.4% in Ankara and 2% in İzmir.
EVA Real Estate Appraisal General Manager Cansel Turgut Yazıcı said, "By the end of February 2017, total residential sales in Turkey had increased by 5.7% compared to the same period of the previous year, while mortgaged residential sales rose by about 30.9%.
Small decrease in Istanbul, increase in Ankara and Izmir
According to the report, the cost of loans for ten years in April was 0.88% to 1.29% per month, compared to the cost of housing loans for the user. It is determined that the monthly payments for the loan amounting to TL 100 thousand are around TL 1,352 for 10-year-old and TL 2,152 for 5-year-old. On the other hand, in February 2017, it is observed that the amount of the following housing loans in residential loans is only 0.52%, which is 0,48% in February 2016. According to Periscope Analysis, it is considered a positive indicator for Turkey that the magnitude of the following loans in the total loan volume does not grow at the same rate as the loan amount.