Thursday, September 28, 2017

Subsidized housing loans cap upped to $800,000. Move is part of efforts to support the real estate sector


The Central Bank (BDL) has raised the upper limit of subsidized housing loans provided by commercial banks by 50 percent to 1.2 billion liras (approximately $800,000), according to BDL's intermediate circular 473.

The previous ceiling was LL800 million (approximately $530,000).

BDL said in the circular that was addressed to banks and financial institutions, that the borrower is not allowed to obtain additional credit facilities to cover the price of a residential unit.

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