The 10-day balance sheet was revealed in the “Yeni Konutum Housing Finance Program” announced by the Minister of Treasury and Finance Nureddin Nebati and the Minister of Environment, Urbanization and Climate Change Murat Kurum.
Within the scope of the program, which started on January 16, with the aim of enabling middle-income citizens to purchase their first homes with a much more favorable maturity structure compared to market conditions in 81 provinces, 8 thousand 27 applications were made to public banks and subsidiary financial institutions in 10 days.
Istanbul led the applications for the program, which provided financing up to 5 million liras in Istanbul, 3 million liras in Ankara, Izmir, Bursa, Antalya, Mersin and Muğla, and up to 2 million liras for other cities.
1859 of the applications were made by those who wanted to own a house in the first region covering Istanbul, 1797 in the second region covering Ankara, Izmir, Bursa, Antalya, Mersin and Muğla, and 4,371 in the third region covering other provinces.
– Necessary legislation has been enacted
On the one hand, while applications are being received, on the other hand, the legislative work of the financing package, which is the subject of the speech, has been completed. The Bill of Law Amending the Law on the Regulation of Public Finance and Debt Management of the New Housing Finance Program, signed by the AK Party deputies, was accepted at the General Council of the Grand National Assembly of Turkey on 25 January and became a substance.
It is aimed that the applications will be finalized in a short time after the said legislative arrangements and that the citizens will reach their first residences.
In order to facilitate the housing finance installment payments of the citizens, the Ministry of Treasury and Finance will also contribute to the first 3 year installments. For this, cash resources will be transferred to the relevant banks through a public bank to be determined by the President.
With the financing model, which will be offered with payment opportunities compatible with household income throughout the loan term, it is aimed that all 100 thousand families will have their first-hand new residences in the first stage.
In the financing model, the maturity difference starting from 0.69 percent, a maturity of 15 years, a 10 percent down payment, an installment rate not exceeding 30 percent of the household income and the first 3-year payment facility are provided.
Those who comply with the conditions will be able to own houses in 81 provinces with the aforementioned financing model, houses that have been completed and ongoing at a certain rate, and new projects that have signed a guarantor agreement with banks.
Spouses in the household who want to benefit from the program must not have a home and must not have sold a home in the last year. The purchased house will not be sold for 5 years, there will be a one-year residence condition in the new house.