Statement on housing prices from Cevdet Yılmaz
Vice President Cevdet Yılmaz said, “We provide access to credit for the first home purchase. There are no longer many loan opportunities for second and third home purchases. “When there is no loan opportunity for second or third homes, housing loan opportunities are used for first home ownership,” he said.
Yılmaz answered the questions of the press members after the Cabinet Meeting held at the Presidential Complex.
On the question regarding the “Proposal Law on the Establishment of the Family and Youth Fund”, Yılmaz said, “First, it will start from the earthquake zone as a pilot application. Then it will spread throughout Turkey. In particular, the 150 thousand lira marriage loan we call young people includes a mechanism to support them with a 4-year loan with a two-year grace period. “In the future, as funds and opportunities increase, other supports will of course be available, but they will be phased in,” he said.
FIRST HOME LOAN
“As you know, the Central Bank and BRSA have made it difficult to access credit for second and third home purchases. We provide access to credit for the first home purchase. We said we would make an arrangement there, and this is how we did it. There are no longer many loan opportunities for second and third home purchases. When there is no loan opportunity for a second or third home, housing loan opportunities are used for first home ownership.
It is necessary to consider the issue of home ownership not only in terms of credit but also in conjunction with the housing supply. In the form of housing supply and housing demand… Otherwise, if you only think about loans, you may take housing prices to a level you do not want. “We need to manage housing supply and housing demand in a balanced way” (AA)
