Turkey: Mortgage credit interest rate
* indicates monthly or quarterly data series
The most recent value is 40.87 percent as of December 2024, a decline compared to the previous value of 41.33 percent. Historically, the average for Turkey from January 2002 to December 2024 is 19.96 percent. The minimum of 8.3 percent was recorded in June 2013, while the maximum of 58.45 percent was reached in January 2002.
Click on the following link to see the values of: Mortgage credit interest rate around the world.
Select indicator
Download data from our database
* indicates monthly or quarterly data series
- Measure: percent
- Source: Central Bank of the Republic of Turkey
| Recent values | Turkey: Mortgage credit interest rate, percent |
|---|---|
| 2024 Dec | 40.87 |
| 2024 Nov | 41.33 |
| 2024 Oct | 41.29 |
| 2024 Sep | 42.93 |
| 2024 Aug | 43.48 |
| 2024 Jul | 43.72 |
| 2024 Jun | 44.16 |
| 2024 May | 44.98 |
Download data from our database
Definition: The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 53.9 | 2023 | percent |
| Exchange rate regimes | 5 | 2022 | index points |
| USD exchange rate | 34.9870 | 12/2024 | Local Currency Units per USD |
| Money supply (broad money) | 17,500.66 | 12/2024 | billion |
| Consumer Price Index (CPI) | 1,029.8200 | 12/2024 | index points |
| Inflation, monthly | 1.04 | 12/2024 | percent |
| Inflation, annual | 44.41 | 12/2024 | percent |
| Private sector credit | 11,550.68 | 9/2024 | billion |
| Business credit | 8,162.84 | 9/2024 | billion |
| Household credit | 3,387.84 | 9/2024 | billion |
| Mortgage credit | 418.97 | 9/2024 | billion |
| Consumer credit | 2,968.87 | 9/2024 | billion |
| Deposit interest rate | 48.35 | 12/2024 | percent |
| Business credit interest rate | 59.60 | 12/2024 | percent |
| Mortgage credit interest rate | 40.87 | 12/2024 | percent |
| Policy rate | 50.00 | 11/2024 | percent |
| Household debt to GDP | 9.70 | 6/2024 | percent |
| Debt service ratios for private non-financial sector | 35.40 | Q2/2024 | percent |