According to U.S.-based credit rating agency Moody's, the housing loans are among the safest credit instruments in Turkey and the mortgage covered bond exports based on these loans can be increased, making Turkey a safe mortgage covered bond exporter.

The agency also pointed to the healthy condition of the Turkish housing sector, but in the report, Moody's Senior Vice President Jose de Leon states that the rate of house price growth in Turkey is not likely to be sustainable for much longer. When the prices stabilize or turn negative, the market will slightly decrease thanks to the robust lending practices of the banks and macro-prudential measures. Yet although the report indicates that the current increase in house prices in Turkey is not sustainable, it also states that housing market-oriented recession in the economy can be prevented thanks to market dynamics and legal regulations.

The report notes that the favorable demographics and low weight of housing loans within the Turkish financial system lessens the possibility of a housing-related slump in Turkey than those seen in the US or Spain.