An important regulation has entered into force in the field of housing finance. The Banking Regulation and Supervision Agency (BDDK) has introduced significant changes to the valuation and loan-to-value system for housing loans.

With the new regulation, the distinction between first-hand and second-hand properties has been abolished. Loan evaluations will no longer be based solely on whether a property is new or previously owned.

Loan ratios will now be determined according to the building’s technical specifications, construction quality, energy efficiency class, and earthquake resistance criteria.

Energy-efficient and earthquake-resistant properties will be evaluated more favorably in terms of financing.

This change aims to highlight high-quality and secure constructions while making the credit system more objective.

As Second Home Turkey, we have been providing transparent, secure, and professional services since 2004.