Estaport Real Estate
  • Home
  • About Us
  • Properties
    • Apartments
    • Hotel Apartments
    • Offices-Home Offices
    • Rental guarantee Options
    • Shops
    • Villas
  • Real Estate Channel
  • FAQs
  • Blog
    • Information About Turkey
    • Turkey real-estate
  • Contact
  • en_US
  • ar
Submit
Estaport Real Estate

  • Home
  • About Us
  • Properties
    • Apartments
    • Hotel Apartments
    • Offices-Home Offices
    • Rental guarantee Options
    • Shops
    • Villas
  • Real Estate Channel
  • FAQs
  • Blog
    • Information About Turkey
    • Turkey real-estate
  • Contact
  • en_US
  • ar
1-800-555-1234
Submit
Estaport Real Estate

  • Home
  • About Us
  • Properties
    • Apartments
    • Hotel Apartments
    • Offices-Home Offices
    • Rental guarantee Options
    • Shops
    • Villas
  • Real Estate Channel
  • FAQs
  • Blog
    • Information About Turkey
    • Turkey real-estate
  • Contact
  • en_US
  • ar
1-800-555-1234
Submit

Blog

Looking for certain features

The Demand for Home Purchases Increased 50% with the Facilities of Turkish Banks

By

Estaport Company

Posted in Turkey real-estate On June 13, 2020

Demand for home purchases has risen 50 percent in Turkey after announcing massive low interest rate loan packages in June this year to help stimulate the recovery of the economy after the Covid 19 pandemic.

Banks said that mortgages for both new homes and condominiums used within the “housing package” would be due up to 15 years, with interest rates as low as 0.64 percent and time limits of 12 months. The low repayment rate for the low shares, which starts at 10 percent, will be applied to the use of the financing.

Ziraat Bank, VakıfBank and Halkbank, which are the three largest lenders in Turkey announced along with two participatory banks; Ziraat Katılım and Vakıf Katılım last week offered four loan packages that include mortgages for new homes, loans to buy cars, locally manufactured goods, and holiday expenses, with annual interest rates below inflation.

In order to ensure that the largest number of clients benefit from this opportunity, the amount of financing that can be provided to each customer will be limited, and financing of 750,000 TL (about 110,000 USD) will be made available for housing in three main cities; Istanbul, Ankara and Izmir, while a maximum amount of 500 thousand Turkish liras will be placed for other cities.

For his part, the head of the Istanbul Chamber of Real Estate Commissioners and Consultants, Istanbul Nizamuddin, said that the demand for homes increased significantly from middle-income families in particular, after falling mortgage rates.

Residential property sales in Turkey increased by 8.9 percent between January and April, lifted by mortgage sales, according to the Turkish Statistical Institute “TurkStat”.

 #homebuyer #realtorsofinstagram #realestatenews #homesale #properties #realtorlife #listing #investmentproperty #Estaport #realtor #realestateagent #Istanbul #Turkey

Leave a Reply

Your email address will not be published. Required fields are marked *

Search

Recent Posts

  • Increasing the Value of the Property that Grants Turkish Citizenship to 400,000 USD
  • How to Obtain Turkish Citizenship
  • Amendments to the Real Estate Appraisal Law in Turkey
  • The Most Important Factors in Determining Real Estate Prices in Turkey
  • Sariyer district in Istanbul

Related Properties

Featured
View Property

Living at The Heart of Life in The Most Exclusive Neighborhood of Istanbul

Where you can experience the neighborhood culture that offers you…

Starting From

Call For Price

Featured
View Property

Apartments on the Sea in Beylikduzu Istanbul || Residential Project with a Distinctive and Elegant Design and Direct Sea View

Apartments on the sea in Beylikduzu Istanbul || Residential project…

Starting From

$760,000

Featured
View Property

The Most Luxurious Villas in Istanbul on Marmara Sea in Beylikduzu

The Most Luxurious Villas in Istanbul on Marmara Sea in…

Starting From

$925,000

  • Phuket Life Residence, Floor: 6, Office: 54 - 1997 sokak, No: 12, Barbaros Hayrettin Paşa Mahallesi 34515 Esenyurt
  • info@estaport.com

Useful Links

Apartments
Hotel Apartments
Rental Guarantee Options
How to Obtain Turkish Citizenship

© 2022. All Rights Reserved by Estaport