BEKLENEN KONUT KREDİSİ KAMPANYASI DETAYLARI ve FİYATLAR ARTAR MI?

Gayrimenkul Okulu

19 Sept 202405:28

Summary

TLDRThe video discusses the recent reduction in Ziraat Bank's mortgage interest rates, highlighting how the new rates affect loan repayments. Ziraat Bank now offers a 2.89% interest rate for loans up to 60 months and 2.79% for loans up to 120 months. The presenter compares these rates to previous ones and evaluates the monthly savings. The video also touches on potential effects on housing prices, challenges in accessing home loans due to stricter conditions, and advises against expecting significant price increases from sellers. The overall conclusion is that while the mortgage rate reduction is beneficial, its impact on the housing market may be limited.

Takeaways

🏦 Ziraat Bank has reduced mortgage interest rates in two tiers: 2.89% for loans up to 60 months and 2.79% for loans up to 120 months.
💸 The previous mortgage interest rate at Ziraat Bank was 3.09%, meaning the new rates provide significant savings.
🏠 For a 1 million TL mortgage over 120 months, monthly payments drop from 31,720 TL to 28,960 TL, a reduction of 2,756 TL per month.
📉 The total savings for borrowers amount to approximately 9% on monthly payments under the new rates.
⏳ Shortening the loan term from 10 to 5 years results in a 22% increase in monthly payments but reduces the overall payment period.
📊 Despite the mortgage rate reduction, housing prices have been observed to rise in some areas, as shown by listings where prices have increased significantly.
⚠️ While some property owners may attempt to raise prices in response to the news, the actual market impact of these price changes remains uncertain.
🏦 Mortgage accessibility has become more restricted, as banks are more selective in granting loans, and existing homeownership can reduce eligibility.
📉 Previously, individuals could obtain higher mortgage amounts, but now, even for high-value homes, loans cover a smaller portion of the purchase price.
💡 Although mortgage terms are not as favorable as before, the rate cuts still offer some benefits, but inflated property prices may limit these advantages.

Q & A

What is the recent news about Ziraat Bank's housing loan interest rates?
-Ziraat Bank has announced a reduction in its housing loan interest rates. The reduction is two-tiered: for loans up to 60 months, and for loans up to 120 months.
What are the new interest rates for the housing loans after the reduction?
-For housing loans used for 5 years, the interest rate has been reduced to 2.89%, and for 10-year housing loans, it has been reduced to 2.79%.
How does the new interest rate compare to the previous rate?
-The previous rate was 3.09%, and with the new reduction, it has been lowered to 2.79% for 10-year loans, which is a significant decrease.
What is the impact of the interest rate reduction on monthly payments for a 1 million lira housing loan over 120 months?
-Before the campaign, the monthly payment for a 1 million lira housing loan over 120 months was 3.72 lira. After the campaign, it has been reduced to 2.89 lira, resulting in a monthly saving of 2756 lira, which is a 9% advantage.
What happens if the loan term is shortened from 10 years to 5 years?
-If the term is shortened to 5 years, the monthly payments will increase by 22%, but the total repayment period will be reduced by 5 years.
What is the potential impact of the interest rate reduction on housing prices?
-The script suggests that there might be an increase in housing prices as advertised online, but it also indicates that this needs further investigation and comparison over time.
Are there any conditions that affect the ease of obtaining a housing loan?
-Yes, the script mentions that not everyone is eligible for a housing loan, and the conditions have become stricter. Banks are not very keen on providing housing loans, and there are specific conditions related to the property and the borrower's situation.
How has the ease of obtaining a housing loan changed over time?
-In the past, the amount of housing loan one could obtain did not depend on the number of properties owned. However, now, if you, your spouse, or any child under 18 living with you owns a property, the amount of housing loan available to you is significantly reduced.
What is the average housing loan amount used in Turkey?
-The average housing loan amount used in Turkey is around 900,000 liras, which is less than the 1 million lira that could potentially be borrowed with the new interest rate reductions.
What does the script suggest about the relationship between housing loan usage and property prices?
-The script suggests that if housing loan usage was as easy as before, it might have an immediate impact on property prices. However, sellers might not be aware of this and may not immediately reflect it in the prices.
What is the potential advantage of the new housing loan campaign?
-The new campaign could potentially allow borrowers to use 1.90,000 lira more for a 10 million lira property, assuming the owner could use 2 million lira in credit. This could increase the amount the owner could pay by 180,000 lira.

Outlines

00:00

🏠 Ziraat Bank’s Mortgage Interest Rate Reduction Announcement

The paragraph discusses the recent news of Ziraat Bankası’s reduction in mortgage interest rates. The bank introduced a two-tiered interest rate cut: 2.89% for loans up to 60 months and 2.79% for loans up to 120 months. Previously, the interest rate was 3.09%, so this reduction is significant. A comparison with other banks shows that some still offer higher rates, such as 3.33% and 3.04%. The potential impact of these reductions on mortgage payments is explored, with an example showing that on a 1 million lira loan over 120 months, the monthly payment would decrease from 31.72 to 28.96 lira, resulting in a 9% savings.

05:01

📉 Analysis of Price Increases in Property Listings

This paragraph explores the potential effects of mortgage interest rate cuts on property prices. Some property listings have shown a significant increase, such as a home that rose from 7.25 million to 9 million lira. However, it's uncertain whether these changes are widespread or justified. The speaker emphasizes that comparing many listings over time is necessary to draw meaningful conclusions. Additionally, the speaker mentions that despite the interest rate cuts, acquiring a mortgage is now more difficult due to stricter bank lending policies and lower loan-to-value ratios, particularly for second-hand homes or properties without energy certifications.

Mindmap

Keywords

💡Ziraat Bankası

Ziraat Bankası is a major public bank in Turkey that plays a significant role in the financial sector, including offering housing loans. In the video, the bank is highlighted for reducing its housing loan interest rates, which is central to the discussion about how this may affect the housing market.

💡Housing Loan (Konut Kredisi)

A housing loan, or 'konut kredisi,' refers to the financial credit provided by banks for purchasing residential property. The video focuses on how Ziraat Bankası has reduced interest rates on housing loans, making it more affordable for consumers and potentially impacting housing prices.

💡Interest Rate (Faiz Oranı)

Interest rate is the percentage charged by lenders on the principal amount of a loan. In this video, Ziraat Bankası's reduction of interest rates for housing loans—from 3.09% to as low as 2.79%—is a key point, as this could make loans more affordable and influence buyer behavior.

💡Loan Term (Vade Süresi)

Loan term refers to the length of time given to repay a loan. The video discusses the two loan term options offered by Ziraat Bankası: 60 months (5 years) and 120 months (10 years). Shorter terms may increase monthly payments, while longer terms reduce them.

💡Monthly Installments (Aylık Taksitler)

Monthly installments are the regular payments borrowers make to repay their loan. The video explains how the reduction in interest rates will lower the monthly payments on housing loans, providing an example of how a 1 million lira loan's payments drop significantly after Ziraat Bankası’s rate cut.

💡Housing Prices (Konut Fiyatları)

Housing prices refer to the cost of buying residential properties. The video explores how the reduction in loan interest rates might affect housing prices, mentioning that some listings have shown sharp increases, though the presenter questions the validity of such price hikes.

💡Credit Availability (Kredi Kullanımı)

Credit availability refers to the ease or difficulty of obtaining loans. The video mentions that despite the interest rate reduction, obtaining housing loans is more difficult than before due to stricter lending conditions, especially for those who already own property.

💡Energy Certificate (Enerji Sertifikası)

An energy certificate indicates a building's energy efficiency. In the video, it's mentioned in the context of factors affecting the eligibility for housing loans, with newer regulations making energy efficiency an important criterion for loan approval.

💡Real Estate Ownership (Gayrimenkul Sahipliği)

Real estate ownership refers to the possession of property. In the video, it is explained that banks now take into account the ownership of multiple properties when determining loan eligibility, making it harder for those who already own property to secure additional housing loans.

💡Market Impact (Piyasa Etkisi)

Market impact refers to the effect that financial changes have on the broader real estate market. The video discusses whether Ziraat Bankası's interest rate cuts will significantly impact the housing market, with the presenter suggesting that while some sellers may raise prices, the overall effect might not be substantial.

Highlights

Ziraat Bankası has reduced its housing loan interest rates in a two-tier system: 2.89% for loans up to 60 months and 2.79% for loans up to 120 months.

Previously, Ziraat Bank's interest rate for housing loans was 3.09%, indicating a noticeable reduction.

Other banks offer housing loans with rates around 3.33% to 3.04%, but Ziraat Bank’s reduction is still seen as a positive move.

For a 1 million TL housing loan over 120 months, the monthly payment drops from 31,750 TL to 28,960 TL, saving 2,756 TL per month.

The interest rate reduction provides a 9% advantage in monthly payments after the campaign.

If the loan term is shortened to 5 years instead of 10 years, monthly payments will increase by 22%, though the overall term will be halved.

There are early signs of housing price increases, with examples like a house listed for 7.25 million TL rising to 9 million TL after the news of the interest rate cut.

However, it's unclear whether these price increases are widespread, as more listings need to be reviewed for comparison.

Banks are becoming more selective with housing loan approvals, particularly regarding ownership of existing properties.

Individuals with existing properties or family members with properties may face reduced loan amounts, making it harder to access housing loans.

In the past, a person could borrow nearly the entire value of a property, but today they might only be able to borrow 2-2.5 million TL for a 10 million TL property.

Average housing loan amounts in Turkey are around 900,000 TL, meaning most people do not take out loans for properties worth 4-5 million TL.

While the reduction allows people to borrow 1 million TL instead of 900,000 TL, it’s unlikely to justify significant price increases by sellers.

Many sellers may attempt to raise prices, but the current market conditions make such increases difficult to sustain.

The housing loan campaign may provide slight financial relief, but significant price hikes by sellers may not find a corresponding market demand.