pat these are now available euros loans on Turkish property at 5% higher if you are renting the propert though.

Hi Bryn,

have had no word back from the Garanti Bank on this

Who & where is offering the loans and at what rate

If you rent the property do you mean another 5% on top of the mortage rate -

cheers Pat

Dont know about mortgages for foreigners but a Turkish national who wishes to borrow under the 'House Credits' scheme will need a lot of cash to afford the repayments! For example borrowing 55,000 YTL over a period of 10 years works out at paying a monthly 'mortgage' of 840ytl! Quite a bit for your ordinary working Turk! On that calculation you are paying back nearly double what you borrowed.

Dont forget the interest rates are over 20% for borrowers.