Although the current fx portion in total mortgage market is only around 5%, the increasing demand by the customers due to huge difference between local currency and fx interest rates. The Turkish customers are now meet with a different instrument, mortgage in swiss franc. As it stands as the lowest interest rate in the developed markets after Japan, the turkish clients feel more close to the country and the currency. It also helps the banks to borrow and generate a demand for the clients in the slowing mortgage market.
The advisors suggest to get a mortgage in fx, especially in swiss franc,if the client has a income generation in foreign currency.