State Support for Housing

State Support for Housing

Everybody wants to have house and it is the dream of many people. But having a house isn’t always so easy. Sometimes we can need help or support from our family or maybe from the state. For low-income people we need state support in Turkey and state support in housing will be implemented in 3 years time in Turkey. When the Turkish citizens aimed to buy a house for the first time, they will gel state support according to the Government Regulation which will come into force on August 26, 2016. With this regulation the earliest state support can be provided in 2019.

State-Support-for-Housing

State support in housing will be implemented in 3 years time in Turkey. With the new regulation people have to do some responsibilities to utilize this support. In order to benefit from this support firstly householders should create a bank account from any bank. The payments will be done to this account in accordance with the procedure prescribed in the regulations. The participants and householders must pay monthly or quarterly payments to this account in order to utilize this state support. Under the regulation the lower limit is 250 TL and the upper limit is 2,500 TL.

turkey

State support in housing will be implemented in 3 years time in Turkey. In order to qualify this government funding and supports, householders must be a Turkish citizen. Furthermore, the participants don’t have a real estate on their name after April 7, 2015. When these two conditions are ensured, then the participants have to make regular payments to the housing account at least three years and have completed the payments. With the regulation, householders who don’t have any real estate can easily have their own house. The maximum amount of state contribution the people will me approximately 15,000 TL.

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    yasemin Written by:

    Yasemin Kılıç yaseminkilic@istanbulinvestments.com

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