'Joint Loan' Era Started in Housing: 5 People Can Own a House Together
A new opportunity has arisen for those who want to realize their dream of home ownership. This new system, called the 'joint loan period in housing', makes it possible for more than one person to come together and use a housing loan. This innovative type of loan offers significant advantages, especially for buyers who cannot use loans alone and are affected by high interest rates.

Real Estate Professor Semih Sarıalioğlu explained the details on the subject with the following statements:

"Buyers who cannot get a loan alone in the current interest rate environment can join forces and buy a house by splitting the loan."

How will the system work?
The joint housing loan system enables at least 2 and at most 5 people with regular income to come together and take out a loan. In this way, those who want to own a house can have more comfortable payment conditions by sharing the loan burden.

For example, if 5 people come together for a loan with a monthly installment of 70 thousand liras, each person is only obliged to pay 14 thousand liras. This method makes it easier for individuals to both save and own a house. Each partner will have a 1/5 title deed share in the house purchased. This can be thought of as sharing an inherited property equally among five siblings.

In the event of non-payment of the loan, each partner will be responsible for his/her own debt. In other words, in case of non-payment, the loan debt will not be owed by all partners, but only by the borrower.