# Turkish housing finance and mortgage market trends > Live situation record from CLSTR: https://clstr.news/situations/turkish-housing-finance-and-mortgage-market-trends > Updated: 2026-09-08T20:09:08.000Z. Sources: 17. Developments: 2. The Turkish housing finance market is characterized by varying mortgage costs and emerging financing alternatives. In August 2026, participation banks were noted for offering more competitive rates than traditional deposit banks for long-term mortgages. For example, Albaraka offered a profit share rate of 2.87%, while deposit banks like ING and Ziraat Bankası provided higher interest rates. Due to rising traditional mortgage costs, savings-based financing models—which utilize organization fees rather than interest—have gained attention. By September 2026, specific banking campaigns emerged to address housing needs. Halkbank introduced a housing loan campaign for newly married couples featuring a 2.60 percent monthly interest rate and flexible repayment options, such as free payment periods. Meanwhile, public interest has centered on rumors of a ‘First Home Housing Loan’ that would allegedly offer a 1.20 percent interest rate, though official details regarding this specific model have not been formally announced. ## Timeline ### 2026-09-08: Halkbank launches new housing loan campaign in Turkey Halkbank has introduced a housing loan campaign for newlyweds with a 2.60 percent monthly interest rate, while public anticipation grows for a rumored low-interest ‘First Home’ loan package. 7 sources. https://clstr.news/cluster/halkbank-launches-new-housing-loan-campaign-in-turkey ### 2026-08-21: Turkey housing finance: Mortgage costs and savings rates updated Turkish housing finance shows varying costs, with participation banks offering lower rates for 3 million TL loans compared to deposit banks. Alternative savings-based systems are also emerging. 10 sources. https://clstr.news/cluster/jpmorgan-forecasts-potential-turkish-interest-rate-cuts-starting-in-september --- Cite as: Turkish housing finance and mortgage market trends. CLSTR, https://clstr.news/situations/turkish-housing-finance-and-mortgage-market-trends