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Home loan volume up 34 percent
Home loan volume up 34 percent
30.04.2021
GENERAL
ECONOMY

The March Yesil home sales, which tended to rebound, gave the green light for the real estate sector. Experts pointed out the share of housing loans in the acceleration, while eyes were turned to the credit figures. In the first 2 months of 2021, the total amount of loans used reached TL 552 million, an increase of 35% compared to the same period of the previous year.


*** This release is originally published in Turkish.
Google Translate Application translates the content you see on this page.***


İSTANBUL (TR) - As some sectors negatively affected by the pandemic, which has been struggling for more than a year, move step by step towards recovery, the real estate sector comes first. Home sales in the first quarter of the year fell 23 per cent compared to the same period a year earlier, but the March quarter was flat. Compared to the March 2020-2021 data, home sales rose 2.4 percent to 111.24. In the current table, the share of loans attracted attention. Credit comparison platform Hesapkurdu.com according to BRSA data compiled by brsa, the amount of housing loans used increased by 35% in the first two months of 2021 compared to the same period of the previous year. This figure was reflected as 41% for loans of need and 74% for car loans. 

In loan applications, the most increase is in loans needed by 19 % 

Assessment of the subject Hesapkurdu.com general manager Omar Paksoy said that the increase in demand for consumer loans paralleled the number of customers looking for information about loans on the internet and applying for loans. Paksoy “" Hesapkurdu.com according to data from our platform, when we compared personal loan applications in the last quarter of 2020 and the first quarter of 2021, we saw a 2% increase in home loan. Car loans increased by 7%, While need loans went on to our records as the Consumer Credit Group, whose applications increased the most with 19%," he said. 

"The increase in applications for need credit can last until a permanent normalization” 

"The economic difficulties and uncertainties brought about by the pandemic are pushing the citizen to borrow for some basic needs. We can expect that the demand for credit needs for cash will intensify due to the recently re-tightened measures. We anticipate that the increase in demand for credit will continue until a permanent normalization, where economic fluctuations have subsided,” he said.

Contact: Tülay Genç | [email protected] | +31 30 799 6022

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