15 May 2017

REIDIN Turkey Real Estate Indices: April 2017 Results

REIDIN Turkey Residential Property Price Indices: April 2017 Results

İŞBANK’s Retail Loans Manager Mr. Recep Haki:

“By the end of of  March 2017, Isbank raised its mortgage loan volume to  18.8 billion with an increase of 6,08%, compared to the year-end and with it’s %11,7 market share ISBANK continues to be one of the major players in the sector. Some regulations and arrangements done in recent times, such as increasing loan-to-value ratio and reducing the legal rates of VAT and title deed fees has strengthened expectations for the future. In the first months of 2017, housing sales, which have been off the charts for the last 3 years, prove that this year’s sales are going to be at least as good as last year. The mobility brought to the sector through these, positively reflected to the banking sector as an increase in loan volumes.  Our campaign with Emlak Konut GYO A.Ş. and GYODER offered low interest rates along with maturity up to 240 months contiuned until March and  positively effected our first quarter datas.

ISBANK, having a trust on the future of housing sector, continues its investments in this sector by presenting an end to end digital experience from application to lending process for all users regardless of being the bank’s customer or not. This innovation is presented to all users’ experience in the official web site of ISBANK, could be reached by clicking  “Anında İşlem”>“Ev Kredisi” links.

According to the results of REIDIN TURKEY RESIDENTIAL PROPERTY PRICE INDICES, supported by İŞBANK, the residential sales prices registered an increase in TR-68 cities during April 2017. Prices increased 1.22% m-o-m and also increased 9.50% y-o-y.

The residential rental values registered an increase in TR-68 cities during April 2017. Prices increased 0.63% m-o-m and also increased 4.00% y-o-y.

To read the full report click here