Öneri Dergisi

1300-0845 2147-5377

Marmara University

10.14783/maruoneri.679686

TURKISH HOUSING LOAN MARKET AND SECONDARY MORTGAGE MARKET PERSPECTIVES

Ulusan

Meltem

İSTANBUL KÜLTÜR ÜNİVERSİTESİ

06 10 2008

8 30 177 184 01 15 2008 04 15 2008

1994

Oneri

Housing finance is a major issue for emerging economies. The approval of “Turkish Mortgage Law” paved the way for an efficient mortgage system in Turkey. However, the system should be supported by a comprehensive legal framework covering laws for foreclosure and title registration, the implementation of a strong secondary market mechanism and stable economy policies for the achievement. This paper begins with giving brief information regarding the key components of mortgage systems and then gives a detailed macro - economic evaluation of Turkish housing loan market, by considering the European Union. In the final section, some secondary market practices are introduced and possible perspectives for Turkey are discussed.

Primary Mortgage Market Secondary Mortgage Market Housing Loans Covered Bonds Mortgage - Backed - Securities

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