ISTANBUL (AA) – Objects and Real Estate Investment Trusts Association (GYODER) According to the report, nine months Turkey has changed ownership of millions of 2,000 391 homes.
GYODER Turkish economy Bank (TEB) to prepare the world and Turkey's economy with contributions of key macroeconomic indicators, industry figures from key information to different types of statistical transmission "GYODER indicators 2018-3. Quarterly Report" was published.
According to the report, sales of development companies, second quarter, occurred 51.5 percent. This figure was 26.4 percent in the previous quarter. One of the factors that played an important role in the rapid increase in the sale of shares was the rapid rise in mortgage rates.
Annually, about 1.4 million households who changed ownership, 650 thousand new housing needs due to demographic reasons taking in Turkey, began to sit in a slow real estate market equilibrium in the market.
During the period January-September of public housing has changed owners in 1,000,000-2,000 391 Turkey. Of these housing, 256 thousand were 283 from mortgage loans and 746 thousand were from other sales. During the same period last year in Turkey sold 1 million 30 thousand 728 homes, the number of mortgagee sales of 363 thousand 227 units, while other sales had amounted to 667 thousand 501 pieces.
The exchange rate increase in the third quarter had a positive impact on foreigners' housing purchases. Household sales to foreigners, which were 6.1 percent in the first quarter, amounted to 8.5 percent in the second quarter and 12.8 percent in the third quarter.
Housing sales to foreigners, housing sales to foreigners during the 9 months of the year compared to the same period in 2017 increased by 58.5 percent to reach 24,000 155 units. In the same period last year, this figure was 15 123 units. During the first half of the year, a 0.98-rate home loan campaign led by state banks gave a boost to the sector. In September, Emlak Konut REIT was launched under the leadership of "winning time for Turkey" campaign, he has also seen a lot of interest. The high interest rates on housing loans led to increased demand from entrepreneurs' campaigns.
– The housing volume exceeded £ 198 billion
By the end of August, the volume of home loans exceeded 198 billion pounds. The share of public banks in the total housing loan volume, which was 45.6 percent at the end of 2017, was 48.2 percent in the third quarter of 2018. The proportion of domestic private and foreign banks decreased from 47.5 percent at the end of 2017 to 45.1 percent during the third quarter of 2018. While the share of housing loans that was not implemented on total housing loans was 0.44 percent in August 2017, it was 0.43 percent in August 2018.
With the introduction of 85 thousand 881 square meters new office in Istanbul in the third quarter, the total increase of 6.0.08 million square meters increased. During this period the vacancy rate was 24.62 percent.
– The number of shopping centers reached 448
Turkey in 2017 year-end shopping mall with a total of 429 reached 448 at the end of October 2018. By the end of 2018, this number is expected to increase to 488 with the new shopping centers and the total lease area will exceed 16 million 352 thousand square meters.
At the end of the third quarter there are shopping centers in 63 provinces. 18 provinces have not yet met AVM. However, the number of provinces that did not meet the mall over the next two years is expected to fall to 16.
The cities with the highest number of shopping centers were Istanbul with 145, Ankara with 38 and Ankara with 28. While the total rental area is 13 million 326 thousand square meters, Istanbul accounts for about 39 percent of the total share.
Turkey in the primary market of logistics Istanbul-Ankara, covers approximately 9,930,000 square meters, a total of 5.99 million square meters of inventory in the supply of logistics for professional use. There is a gap of 12 percent in the third quarter.
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