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“Housing campaign was a shot in the arm for everyone”

“Housing campaign was a shot in the arm for everyone”
18 August 2020

Evaluating the 3-month period in the low-interest housing campaign, İzciler Gayrimenkul Board Chairman and TÜGİAD Ankara Branch Board Member Alpay Aslan said, "During the coronavirus pandemic that took the world by storm, the housing campaign was a shot in the arm for everyone.”


*** This release is originally published in Turkish.
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ISTANBUL (TR) - Alpay Aslan, Chairman of İzciler Gayrimenkul Board of Directors and Board Member of TÜGİAD Ankara Branch, evaluated the 3-month period in the low-interest housing campaign announced by public and private banks on June 1, 2020. Stating that many citizens are allowed to own houses with low-interest housing loans, Aslan said, “During the coronavirus pandemic that took the world by storm, I can say that housing sales was a shot in the arm for everyone. While the housing sales with credit broke a record in June and July, 1 billion 428 million 968 thousand liras were brought to the treasury with the credit housing sales in July.

"Experts talk about the importance of getting service from corporate and reliable places"

Sharing the information that while the loan housing sales increased to 141 thousand 434 in July this year, with an increase of approximately 1000 percent compared to the same month of last year, the highest loan sale of all time was realized according to the data of the Ministry of Environment and Urbanization, Aslan said, “Even if the interest rates on the overdraft are re-regulated, the volatility in the exchange rate has shown that the market remains viable and that the most valuable and safest investment is the investment in the land. Experts talk about the importance of getting services from corporate and reliable places. As the stakes increase, citizens ' attention should also be increased, he said, adding that the essentialness of the institutions to do business could be a benchmark for reliability.”

"It is time to be cautious and take firm steps."

“Interest rate cuts and steps taken to support the real estate market have provided a relief to the property sector. But it is time to be cautious and take firm steps.” Alpay Aslan underlined that they have made their plans considering the financial security of the citizens.

"The process pushed us all to make unexpected decisions and measures"

The Lion, the lowering of interest rates and the future of the real estate market, said: "It is not possible to deny Turkey and the economic consequences of the toughest in the world where the pandemic period. The process we are in has pushed us all to take decisions and measures that we did not expect. Now we should all take care not just to live, but to live more carefully, to pay attention to the harmony with the world and our environment. ”

“The process has pushed us all to make unexpected decisions and measures”

Making statements on lowering interest rates and the future of the real estate market, Aslan said, “It is impossible to deny the economic consequences of the difficult pandemic process that Turkey and the world are in. The process that we're in has pushed us all to take decisions and measures that we didn't expect. Now we must all take care not only to live, but to live more carefully, to pay attention to the harmony with the world and our environment.”

Warning to citizens

Stating that there are people who do not comply with the rules of ethics in the real estate market as in every business field, Alpay Aslan warned the citizens to be careful about such people and said, “In line with our working principles, we will continue to be a road map in the sector by working hard to be worthy of the trust of our investors, whom we have served since 1998. Our investors from Ankara have had the chance to invest in land, which is the most valuable investment in our developing region, with the lowest loan interest rate in history. With this motivation, we have seen that the projects that have been moved away or idled have come to life again.”

Contact: Tülay Genç | [email protected] | +90 (850) 885 12 55