Business

“Interest in summer cottages in holiday resorts increased”

KPMG Turkey has published the 'Sectoral Overview 2021 – Real Estate Report'. According to the report; The real estate sector, which provides higher yields than interest, entered a recovery process in 2021, but the desired momentum has not yet been achieved because the balances have not settled. It was stated that the share of the construction sector in GDP increased to 5.8 percent in...

Statement from INDER after the interest rate cut

Istanbul Builders Association (INDER) Chairman of the Board Nazmi Durbakalım said in a statement after the public banks reduced the housing loan interest rates, "We expect the interest rate cut to lead to a new wave of purchases, especially in second-hand houses. The advantage of both the profit sales in foreign currency and the low interest rate discount." It will increase sales for investment...

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