Getting mortgages in Turkey. A Turkish Mortgage for UK (or non-UK) applicants, to buy Turkish residential property, is readily available. Investors can borrow up to 80 per cent of the valuation or the purchase price. This figure used to apply to Istanbul and the Turkish Riviera only (including Dalaman area), and was for purchases and re-mortgages for home improvement in Euros and Sterling . Mortgages for the rest of Turkey, should now be available. Turkish mortgages are due to be officially introduced sometime at the beginning of 2008.
Turkey is the 19th largest economy in the world by GDP, and is forecast to become the 17th largest by next year. Economic growth is forecast to soar. Foreign investment into Turkey hit a record $10 billion last year.
Tuesday 1 January 2008
Sunday 30 December 2007
Turkish Mortgages
Turkish Mortgages will be available to all, (credit permitting) for the first time in history, from January 2008. Turkey has approved this at long last. You can even obtain a mortgage on turkish property from foreign banks aswell.
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