Mortgage loans as a share of GDP reached 5.20 % in 2018 in Turkey, according to the National Central Bank. This is 16.4 % less than in the previous year.
Historically, mortgage loans as a share of GDP in Turkey reached an all time high of 6.35 % in 2016 and an all time low of 0.168 % in 2003.
Turkey has been ranked 11th within the group of 20 countries we follow in terms of mortgage loans as a share of GDP, 38 places above the position seen 10 years ago.
A mortgage loan is a loan secured by real property through the use of a mortgage note.