Due to the details just announced of the nationwide campaign «My New Home», which will also cover the category of middle-income citizens, 2023 will turn out to be a «golden year» for the construction industry; this is exactly what some industry experts believe.
In the sense that a lot of people will take advantage of the finally successful chance to become homeowners on preferential terms, which the media often call «unprecedented». Recall that the entry fee is only 10%, and absolutely in all provinces of Turkey. The interest rates on the loan start from 0.69% per month, and the main amount of payment falls on the final years of payments, when money will «fall in price» in any case (taking into account inflation).
Recall that the maximum amount that can be borrowed ranges from 3 to 5 million Turkish liras and depends on the territorial zone where the housing is chosen for purchase.
Also, within the framework of this campaign, financial support is provided to developers to increase the volume of housing production.
According to experts in the field, thanks to the nationwide campaign, the balance of supply and demand will return to the housing market.