The Sector Is Affected By Rising Interest On Housing Loans!

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According to the REIDIN-GYODER New Housing Price Index, a housing loan usage rate of those who buy houses from branded projects decreases…

According to the REIDIN-GYODER New Housing Price Index, the down payment rate in March was 38 percent, the bank loan usage rate was 21 percent and the deed rate was 41 percent.

THE REAL ESTATE SECTOR IS AFFECTED BY RISING MORTGAGE INTEREST

Assoc. Dr. Feyzullah Yetgin who President of GYODER, said that the decrease in the use of housing loans is important both for the real estate sector and for the consumer; “As of the end of March, the interest rates on housing loans reached the peak of the last 8.5 years with a ratio of 1.23 and this ratio was 0.92 in the same period of last year. If the interest rates are raised to a level that does not force the consumer’s financial limits, the use of the housing loan will increase again ”

PROJECTS ON THE ASIAN SIDE SHOWED A FURTHER INCREASE OF 11,70 POINTS

The new Housing Price Index increased by 0.32 percent in the branded housing projects on the Istanbul Anatolian side and by 0.51 percent in the branded housing projects on the Istanbul European Side compared to the previous month in March. The projects on the Anatolian side increased by more than 11,70 points compared to the European side.

THE HIGHEST HOUSE PRICE IN AĞRI, THE HIGHEST RENT IN BATMAN

The rise in housing prices was the leading Ağrı. In Ağrı, residential sales prices per square meter increased by 2.11 percent. The highest rent is paid in Batman. In March, housing rents per square meter in Batman increased by 2.00 percent.

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