The Ministry of Treasury and Finance and the Ministry of Environment, Urbanization and Climate Change announced the details of the 'My New Home' campaign for those who want to own a house for the first time.
Within the scope of the campaign, Turkey will be divided into three regions. The maturity of the loan will be 15 years and the interest rate will start from 0,69 percent. The purchased houses will not be sold for 5 years. In İzmir, loans up to a maximum of 3 million TL can be withdrawn. Within the scope of the campaign, Istanbul was determined as the 1st region, Ankara, Izmir, Bursa, Antalya, Mersin and Muğla as the 2nd region, and all other provinces as the 3rd region.
The representatives of the construction sector, whose opinions we consulted on the subject, stated that the announced campaign was a pleasing development for the sector, and that the stagnant market would become active.
Munir Tanyer, Chairman of the Board of Tanyer Yapı
MOVE THE INDUSTRY
I think that the New Evim campaign, which we have been waiting to be announced for a while, will be beneficial for the development of the sector. The stagnation in the housing sector in recent years will leave its place to a dynamic period with this new campaign. The housing sector, which is one of the most basic needs, continues to develop. The demand for quality and high quality housing has increased. We expect positive developments in the economy to continue with the new year.
İsmail Kahraman, President of the Contractors Federation and Member of the Board of İZTO
INCREASES PRODUCTION, BREATHES CITIZENS
The contractors were hesitant in the production of housing due to the exorbitant prices in the sector. This package announced by our ministers will be a system that we find useful. Due to the high housing interest rates, the most important problem in housing sales was reaching the loan. To give an example, today's 10 percent down payment and the upper limit of 3 million TL will increase the purchasing power a little more. With this package, contractors who will start housing production can now take action. With this campaign, a control mechanism will be created and various speculations will not be allowed. Unless there is an increase in material and input costs, I think that there will be no opportunism regarding the increase in housing prices. This announced campaign will bring a breath of fresh air to the industry and citizens.
Ozkan Yalaza, General Manager of GHO
OFFERING OPPORTUNITIES TO THOSE WHO WANT TO BUY A HOME FOR THE FIRST TIME
The package announced covers new or near-completed houses. For this reason, it will be beneficial in terms of melting the housing stock in the hands of the contractors. Those who buy houses have to live in the same province and will not be able to sell their houses for 5 years. For this reason, a movement is not expected for second-hand houses. A partial revival will come to the sector. Second-hand house owners will not increase their house prices in this environment. Here, an advantageous campaign is offered for those in real need, in other words, those who will buy a house for the first time.
Barış Öncü, Chairman of Sirius Yapı A.Ş.
GOOD LUCK TO THE INDUSTRY
This announced campaign is a great chance for the sector. I would like to thank everyone who contributed. There has been a contraction in the sector due to increased input costs, inflation and pandemic in the last two years. With this campaign, there will be a revival in the markets. It offers a significant advantage for first-time homeowners. Those who want to buy a house should take advantage of this opportunity. Because it seems very difficult for them to buy a house with these figures again. I'd say the last exit before the bridge. I wish good luck to the industry.
Onur Durmus, Coordinate Building Co-Founder
SCOPE SHOULD BE EXPANDED
Recently, 80 percent of construction companies have difficulties in project construction and sales. They were not starting new projects or progressing slowly. This campaign will bring some movement for new homes. In fact, the expectation of the market was a more comprehensive regulation for both investors and residents. Although it is important for those who want to own a house for the first time, if a similar campaign is implemented for second-hand houses, then the market will revive. This campaign will also play an encouraging role in accelerating the constructions that are currently under construction.
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