Reducing interest in Turkey activates the real estate market and indicates an expected rise in prices!
What is the relationship of interest in Turkey with the rise in real estate prices?
Whoever heard about the interest rate reduction in Turkey recently, he ran to the real estate sales offices !, this is what “Golestan Al-Ghoz” said, editor of the official Hurriyat newspaper.
Yesterday, the interest rate in Turkey witnessed a historic drop not seen since 2013, after the general Turkish banks launched new interest packages, the value of which is reduced to 0.64 for new homes and 0.74 for resale homes, in addition to reducing the rate of the first payment to 10% only. And permitting the repayment of the loan over 15 years with a rest period of one or two years in which no amount is paid to the bank.
This is what prompted Turkish citizens to go towards sales offices in Turkey's real estate projects in general and Istanbul projects in particular to seize the opportunity and own property with this low value of interest.
Local turnout will raise prices significantly!
This time, local demand will increase dramatically for the purchase of real estate, which will logically lead to higher prices, not to mention the natural annual increase in inflation that takes place every season.
Ramzy Real Estate advises its customers to make a decision now and go to own property before the rise in prices, as well as seize the opportunity of the current rise in the dollar against the Turkish lira, as it is also a winning opportunity to buy, and as it is said: It is from the womb of crises that some investor wealth is made, make the crisis an opportunity and not miss it.
Examples of new payment methods:
In this context, we review payment examples for new homes, used homes or resale homes through the following tables:
"Financing will be available for new homes with a maximum rest period of 12 months, and a maximum installment period of 15 years, at a monthly interest rate of 0.64%."
Financing for second-hand or resale homes will be available with a rest period of 12 months as a maximum, and a 15-year installment period, at a monthly interest rate of 0.74%.
It is noteworthy that the statement issued by Turkish banks clarified that the volume of loans that can be granted to each customer to benefit from these facilities is 750,000 Turkish liras for homes located in Istanbul, Izmir and Ankara, as for other cities, it will be 500,000 Turkish liras or less.
At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.
Editing by Ramzy Real Estate Team ©
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