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The interest rate has fallen!

In addition to the exchange rate attack in August, the impact of the global markets as well as the interest rates of housing loans, which have reached the peak of 15 years in mid-September, will be reflected in the pocket of the citizens.

In mid-September, the monthly mortgage loan rate rose to 3.24 percent, with a 120-month maturity of 300 thousand TL lending citizens, had to pay back a total of 1 million 192 thousand TL. The monthly payment of this citizen was 9 thousand 936 TL and the average annual cost of the loan was 47 percent.

According to the news of Sabah Seda Tabak, as well as the recent measures taken by the Ministry of Treasury and Finance, the improvement in the macro economy, and the success rates in the Treasury auctions are now lower than 2 percent. The monthly interest rate of the loan with a maturity of 10 years has decreased to 1.97 percent. The monthly payment of the loan amounted to TL 6 thousand 539, while the total payment amounted to 784 thousand TL and the annual cost was 26.6 percent. The monthly payment of the citizen was 3 thousand 397 TL and the total payment was decreased by 407 thousand TL.

According to the data released yesterday, housing sales decreased 9.2 percent in September compared to the previous month and increased 15.1 percent compared to the previous month and increased by 19.2 percent compared to the same period of the previous year to 146 thousand 356. All-time monthly home sales were broken. The increase in housing sales, VAT and title deed discounts, foreign purchases and deed land deeds were also effective.

FIRST TARGET IN PERIOD 1.5 PERCENT 1.5

Despite rising sales in the housing market, mortgage sales continue to decline due to the fact that the interest rate does not reach the desired level. In October, mortgage sales decreased by 79.1 percent to 8 thousand 65 percent. Analysts say the fall in housing loans will continue and 1.5 percent will be tested in the first place.

through real estate investments of $ 1 million investment conditions in granting citizenship of Turkey, be reduced to $ 250 thousand blew up residential sales to foreigners. Sales to foreigners increased by 134.4 percent in October compared to the same month of the previous year and became 6 thousand 276. In the first 10 months of the year, housing sales to foreigners increased by 70 percent to 30 thousand 431.

Source: projepedia.com


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Dwelling Period Over Three Months

Pending demands for housing in the last three months began to turn into sales. With the halt in the increase in foreign exchange rates and the withdrawal of interest rates, the demands are gradually turning into sales.

The long-standing problems in the housing sector are gradually ending. According to October 2018 housing sales statistics announced by TURKSTAT, housing sales increased by 19 percent. In November, due to high interest rates, the expected interest could not be provided, but the markets started to open in the previous months.

Experts argue that housing should go below 1 percent to achieve the targeted level of 1.5 percent for targeted sales. INTEREST IN DECREASING THE INTEREST IN EVENING THE INTEREST FALLS The housing loan interest rates also started to decline in recent weeks. The average interest rate on housing loans, which was 2.76, decreased to 2.45.

While the bank with more than 3 percent of housing loans remained, the lowest housing loan rate fell from 1.98 to 1.89. ING bank makes the lowest credit available. SPECIAL BANKS HAVE GIVEN STATE BANKS Private banks offer better opportunities than state banks.

Five banks make housing loans below 2%, while 4 of these banks are private banks. Only Ziraat Bank lends itself to loans from state banks with 1.98. Vakıfbank and Halkbank offer loans at higher rates than many private banks.

Source: emlakhaberi.com

Is that expatriates can buy a house with housing loans in Turkey?

The details of how Turkish citizens living abroad can use housing loans have been announced.

Private mortgage campaigns

According to reports in the newspaper Hurriyet, Turkish citizens living abroad buy houses in Turkey with housing loans as possible. It is preparing a special housing loan packages for those who want to own a property in Turkey. There are some special conditions for private mortgage loan campaigns.

What documents do I need?

To use housing loan from the Republic of Turkey does not need to become a citizen of Turkey. For non-Turkish citizen, had given the Republic of Turkey in foreign ID number is sufficient.

Documents requested for those who want to attract housing loans;

1- Tax ID number
2- Republic of Turkey Passport or birth certificate
3- Floor easement or condominium title deed,
4- Address
5- Income certificate,
6- Quarterly credit card statement

Private housing projects

Banks offer loans for finished projects or special projects prepared for those living abroad. In addition, mortgage loans are provided only for real persons.

Source: projepedia.com


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