Environment is asked: "Is there a risk yet? Does living in a real estate bubble? Is this bubble bursts?"
I know they do a serious analysis of bankers and experts on the subject. Housing loans are being carefully monitored. Credit volumes increase, decrease, nonperforming loans, both individual and systemic perspective monitored on a daily basis. Serdar Turgut alerts that would justify the negative data (yet), no.
Turgut, tired of abuse in good faith, increase real-estate announcements.
Purchasers have to be considered in terms of housing, of course. Above all this, housing loans, does the current situation, let's see is a systematic risk.
1) The Central Bank data, the total of 161 billion TL banks for personal loans and credit card spending has financed. In other words, individual use, 32 percent of total loan volume of 500 billion pounds ...
2) The distribution of 161 billion pounds of individual loans are as follows: 34 percent residential sector (54 billion), and 26 percent due to credit card spending. 37 percent of consumer credit.
3) Housing loans, total loan volume by 11 percent 'is equivalent to. All of these loans not paid (but I still say is impossible) Imagine. U.S. $ 126 billion does not crash the system resource, it can only enter the cash crisis. So much corruption in this country for the payment system in the unemployment rate should come out of probably 50 percent. The amount of overdue receivables is $ 20 billion in the banking system. This amount is 4 percent of total loan volume, is equivalent to 2 percent of the total balance sheet of the banking sector. And the banks' balance sheets for non-performing receivables corresponds to £ 17 billion is set aside. So the risks are the lowest.
4) an excess supply, such as Turgut said, looking around and can not be detected by looking at ads. Figures are obvious. Only in Istanbul, housing shortage is around 200 thousand a year. Ads of projects and sub-bottom in order, so crazy that you see around, even if you figure will not exceed 10-20 thousand houses.
5) the U.S. housing sector in developed countries and the main reason for starting the crisis, as house prices inflated receipts from housing loans packaged and sold in the currency markets to convert the value. With the crisis coming back home for the same price (price increase), again with the high price of residential housing loans by borrower income consumers who purchase in advance a certain iskontoyla funds has hurt. This system does not in Turkey, during a crisis, the tsunami impact on the economy and consumers do.
6) Is not there risk? Are There! TOKI working with companies on the basis of revenue sharing, has made the wrong account sink. In this case, the guarantor company may experience delays in the delivery of TOKI will be just that. I also rely on their financial possibilities and the housing market firms will not require a bank loan there. Their failure, the consumer, can break up the major currencies. TOKI business with the companies do not make the probability of penetration is concerned, if the consumer has entered the credit risk of banks taking on this job. Konuttur Guarantee. In any case the consumer, should research the company does business. In this sense, there is always a risk. However, this risk can not be dangerous in terms of the system.
7) Are house prices inflated? Swollen, investment is not profit. Sell (buy residential areas in Turkey, most of which meet their own needs. As an investment is not looking), even if damage to the banking system and economy büzmez this situation. We narrows. As a result, do not worry, do not have a bubble in the middle patlatacak. Turgut, only "if you have either," he warns ...
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