Real Estate experts evaluate the sales of Istanbul properties in the third quarter of 2015 and comment on the future progression in the short term.
Statistical data shows that sales of houses in Istanbul have increased 3% in the first three quarters of 2015 compared to same period of last year. Experts stated that, cumulative changes in mortgage loans have increased 5% compared to last year and there will be apparent stir in changes of loans within in the next couple of months. Due to the increase in interest rate of mortgage loans, sales of properties in Istanbul have gone into retardation, in the beginning of the third quarter. But according to experts there will be a noticeable increase in property sales in the last quarter. Another consensus of the experts is that after the elections, the real estate market in country has stabilized firmly. Experts also stated that the general sales will continue to rise, as well as the demand on luxury properties in Istanbul will increase again in the first quarter of 2016.