Annual average interest rate on new mortgage loans in Turkey 2007-2022

Published by Zeynep Dierks, Sep 27, 2023
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

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Release date

August 2023

Region

Turkey

Survey time period

2007 to 2022

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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