A bank loan at a preferential rate of 0.69% and for a period of 2 years will be provided to those who wish to participate in the program for the speedy transformation of the Istanbul housing stock. Namely: I am ready to do the strengthening and repair of my own house myself. This is reported by the portal Emlakkulisi with reference to the statement of representatives of the Istanbul Municipality (IMM).
The minimum loan amount offered on such terms is 1 million Turkish lira (TL).
Well, the Ministry of Environment, Urbanization and Climate Change explained that if private companies want to participate in this process, the agency will consider the option of providing them with a bank loan on similar terms.
Another question is that a company-legal entity will probably need much more thorough reporting on the expenditure of funds received than from an individual-the owner of residential real estate.
The details of the action will be announced later by the Ministry of Finance and Treasury, headed by Mr. Noureddin Nebati.
Recall that in parallel, residents were offered to check the residences in which they live for free. You can apply for an inspection of a house or apartment via the Internet.