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The pace of construction in Turkey continues to grow

According to data for the first quarter of this year, the number of construction licenses issued to construction companies in Turkey has increased. This indicates that the real estate market in Turkey continues to grow and update. Most of the licenses are issued for the construction of residential facilities, the majority of which are high-rise buildings. The total area of buildings that received a license in the first three months of 2020 is 17.4 million square meters.

According to data for April, housing sales under mortgage lending accounted for almost 40% of all sales. Buying a property in Alanya for mortgage is very profitable now – banks have reduced interest rates, and all the papers can be issued remotely. More and more buyers of turkish real estate are booking villas and apartments remotely for further purchase. According to experts, after the end of the coronavirus pandemic, the real estate market in Alanya is expecting a boom in sales.

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