House Plot, Factory Etc. For Sale From The Bank

The real estate portfolios of the banks are filled with immovables that are seized against the loan. It is on sale from banks thousands of property which bought with loan by people who have difficulty paying debt. There are apartments worth 70 thousand liras in Buyukcekmece and olive oil factory worth 300 thousand liras in Balıkesir. While the cheapest residence in Turkey is located in Sivas Gemerek with a price of 37 thousand liras in bank advertisements, the size of this residence is 165 square meters.


The pains of interest and exchange rate are manifested in real estate announcements of banks. It is sold hundreds of houses, villas, duplexes, land, fields and factory which bought with loan by people who have difficulty paying debt at auction by banks. When the advertisements for sale are examined, there are 3 thousand 600 residences from only five banks, including 450 factories, including offices, factories and shops, and about 2 thousand land sales. The prices are about 20% cheaper than the market price. There are 180 thousand liras apartments in Sultangazi, 225 thousand liras duplexes in Antalya, olive oil factory 300 thousand liras in Balıkesir,  2 thousand 750 liras and 2 thousand 861 square meters of fields in Denizli. The advertisements in Istanbul are seen to gain weight in Esenyurt, Kartal, Beylikdüzü, Pendik, Eyüp, Gaziosmanpaşa, Sultangazi, Sancaktepe, Sarıyer, Ümraniye, Küçükçekmece and Silivri.

It is possible to buy a house for 70 thousand liras in the houses that sell with the bank announcement in Istanbul.

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