Average interest rate on new mortgage loans granted reached 14.4% in 2011 in Turkey, according to the National Statistical Office. This is 50.6% more than in the previous year.
Historically, average interest rate on new mortgage loans granted in Turkey reached an all time high of 43.4% in 2002 and an all time low of 9.53% in 2010.
Turkey has been ranked 4th within the group of 38 countries we follow in terms of average interest rate on new mortgage loans granted.
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