Financial stability is being strengthened, macro-prudential measures continue to be taken one by one. This time, the address of new steps is the housing sector.
Consumers who want to buy their second home have a credit limit. These people will now need to have more down payment.
The decision of the Banking Regulation and Supervision Agency covers those who own a house for themselves, their spouse or a child under the age of 18.
Nizameddin Aşa, President of the Istanbul Chamber of Realtors, said that the aim was to limit demand and drive prices to where they should be.
Nizameddin Aşa used the following statements:
“The citizen is told that if you are going to buy a house for the first time, I will give you a normal loan again. The citizen in need is supported”
The loan amount these people can get will be 75% lower than in the past.
Loans will be used for 22 percent of the new houses
Those who prefer zero housing in the second home purchase will be able to get a loan up to 22 percent of the price.
He will be able to use a loan of 225 thousand lira for a brand new house of 1 million liras. This amount will be 450 thousand liras for a 2 million lira house and 675 thousand lira for a 3 million lira house.
For those who prefer second-hand housing, the loan rate will now be lower.
In second-hand housing, the consumer will be able to get a loan of 225 thousand lira for a second-hand house of 1 million lira, 350 thousand lira for a 2 million lira house, and 450 thousand lira for a 3 million lira house.
Those who buy their first house will be able to use loans up to 90 percent of the price.
Nizameddin Aşa said, “It is said to the citizen that if you are going to buy a house for the first time, I will give you a normal loan again. Citizens in need are supported.”