One of the Turkish banks, Halkbank, once again provides a chance to acquire their own housing - as well as land or jobs - to those who do not have enough funds to purchase such at full cost.
We are talking about the sale of real estate placed at the disposal of the bank for various reasons, but mainly - collateral lots from those people who borrowed money from the bank as part of mortgage lending and as a result could not pay off. In this case, the housing remains on the balance sheet of the bank; but since the bank is not engaged in renting and the like, it is more profitable to resell such property. Due to this, the cost of lots may be slightly - or even much - lower than the market.
So, for example, of the housing with an area of 130 sq.m offered within the framework of the recently announced campaign for 360 000 Turkish lira (TL), a house with an area of 226 sq.m - for 650 000 TL. Another house with an area of 650 sq.m is for sale at a starting price of less than a million: for 910 000 TL. It is also offered, for example, a land lot - a plot of 84 sq.m with all the necessary documents for only 185 000 TL.
It is also important that Halkbank is also ready to provide affordable purchase loans to those interested in these lots.
Financial structures in Turkey often offer more favorable conditions and tariffs than developers or even the state; for example, in February, another announcement on the sale of the most affordable housing was published by Vakıfbank, which also implements collateral secondary real estate in the residential sector. Ziraat Bank also used to offer the property of bankrupts - two-bedroom apartments for about a quarter of a million TL.