New Regulations in the Real Estate Sector: Housing Loan Terms Updated
Under the new system, credit limits are no longer determined by the age of the property; instead, the focus has shifted to energy efficiency and current market value. Increased incentives for properties with high energy ratings (Class A and B) not only promote sustainable living but also open new doors of opportunity for investors.
With this latest move by the BRSA (BDDK), a fundamental equality has been established in real estate financing. The removal of the distinction between primary (new) and secondary (pre-owned) homes in loan-to-value ratios is set to boost market mobility. The decisive criteria for loan limits is no longer whether you are the first or second owner, but the building’s technical standards and its energy class certificate. This update makes investing in high-quality housing more advantageous than ever.
What Has Changed?
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End of Distinction: Loan-to-value ratios have been equalized for both new and pre-owned properties.
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Energy Class Priority: The higher the energy efficiency of the house, the higher the loan amount you can secure.
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Value-Oriented Lending: Credit limits have been optimized based on the property’s current appraisal (expert) value.
| MAXIMUM LOAN AMOUNT FOR HOUSING PURCHASES AND REAL ESTATE COLLATERALIZED LOANS | |||
| PROPERTY VALUE | Energy Class (1) | ||
| A-B | C | OTHER | |
| VALUE <= 5 MILLION TL | VALUE x 90% | VALUE x 80% | VALUE x 70% |
| 5 MILLION TL < VALUE <= 7 MILLION TL | VALUE x 80% | VALUE x 70% | VALUE x 60% |
| 7 MILLION TL < VALUE <= 10 MILLION TL | VALUE x 70% | VALUE x 60% | VALUE x 50% |
| 10 MILLION TL < VALUE <= 20 MILLION TL | VALUE x 50% | VALUE x 40% | VALUE x 30% |
| 20 MILLION TL < VALUE | VALUE x 40% | VALUE x 30% |
VALUE x 20% |
