The interest rate on the home loan, which was around 0.90 percent in January of 2017, increased gradually and reached 1.10 percent in the same period of this year.
According to the news of Ugurcan Göçmen from Dünya Newspaper; This rise in rates has forced the sector. The sector took action when interest rates continued to rise on housing loans and the lending appetite of banks was low. On the premise of Real Estate Housing, many companies try to soften these conditions by offering different payment conditions to their customers.
In recent years the "240-month term,Residential Real Estate brings dynamism to the sector as a campaign, a major campaign was launched earlier this year. Real Estate Housing, 10 percent down payment, 84 month maturity, zero interest campaign launched.esd
Some of the sector representatives inspired by Real Estate Housing are participating in the campaign with different down payments and interest rates. Real estate housing cooperation projects in the past, while the bank loan is required to finance the organization within the company, other companies deal with the interests of consumers over the banks. This ensures that the down payment and the number of months can be set by the companies themselves. The campaign aims to revitalize residential sales.
The last date of the campaign for the first announcement of Real Estate Housing was made as March 31st. However, it is thought that this date can be extended because of the vitality in sales and the constant participation of new players in the campaign. The autonomy of the campaign also supports this view.
"High interest rate has created stagnation"
Tahincioğlu Chairman Özcan Tahincioğlu explained that they are stagnating in the high-interest market on the interest rates of the housing loans and are working on different payment plans to overcome this situation. Tahincioğlu added that housing development companies have developed funding forces and subsidized sales methods in response to this situation and added that "0 interest payment plans have shown a serious increase." Tahincioğlu said that these projects were effective in the closing of the 2017.