Annual average interest rate on new mortgage loans in Turkey 2007-2023

Published by Zeynep Dierks, Nov 5, 2024

The annual average interest rate on new residential loans in Turkey fluctuated significantly between 2007 and 2023. In 2023, the annual average interest rate on new residential loans amounted to 29.3 percent, which was the highest value recorded throughout the observed timeframe.

Annual average interest rate on new residential loans in Turkey from 2007 to 2023

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Release date

August 2024

Region

Turkey

Survey time period

2007 to 2023

Supplementary notes

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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