The annual average interest rate on new residential loans in Turkey fluctuated significantly between 2007 and 2022. In 2022, the annual average interest rate amounted to 18.2 percent. The highest recorded average interest rate on new residential loans was 19.3 percent in 2018.
Annual average interest rate on new residential loans in Turkey from 2007 to 2022
Characteristic
Annual average interest rate
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Representative interest rates include six main types:
Weighted average interest rate on loans to households for house purchase. Initial fixed period interest rate up to 1 year on loans for house purchase. Initial fixed period interest rate over 1 and up to 5 years on loans for house purchase. Initial fixed period interest rate over 5 and up to 10 years on loans for house purchase. Initial fixed period interest rate of over 10 years on loans for house purchase. Other.
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European Mortgage Federation. (August 28, 2023). Annual average interest rate on new residential loans in Turkey from 2007 to 2022 [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/916397/annual-average-interest-rate-on-new-residential-loans-in-turkey/
European Mortgage Federation. "Annual average interest rate on new residential loans in Turkey from 2007 to 2022." Chart. August 28, 2023. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/916397/annual-average-interest-rate-on-new-residential-loans-in-turkey/
European Mortgage Federation. (2023). Annual average interest rate on new residential loans in Turkey from 2007 to 2022. Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/916397/annual-average-interest-rate-on-new-residential-loans-in-turkey/
European Mortgage Federation. "Annual Average Interest Rate on New Residential Loans in Turkey from 2007 to 2022." Statista, Statista Inc., 28 Aug 2023, https://www.statista.com/statistics/916397/annual-average-interest-rate-on-new-residential-loans-in-turkey/
European Mortgage Federation, Annual average interest rate on new residential loans in Turkey from 2007 to 2022 Statista, https://www.statista.com/statistics/916397/annual-average-interest-rate-on-new-residential-loans-in-turkey/ (last visited July 03, 2024)
Annual average interest rate on new residential loans in Turkey from 2007 to 2022 [Graph], European Mortgage Federation, August 28, 2023. [Online]. Available: https://www.statista.com/statistics/916397/annual-average-interest-rate-on-new-residential-loans-in-turkey/