Interest Rate Cut Revives Turkey's Real Estate Market

The Central Bank of Turkey has announced an interest rate cut of 250 basis points, reducing the rate to 45%. This marks the second consecutive cut in two months, signaling a downward trend in interest rates and raising expectations for improvement in Turkey's real estate market.

Real estate expert Atalay Demirbaş commented that the rate cut would directly stimulate the property market, stating:
"The downward trend in interest rates will boost demand for real estate, especially since housing loans are closely linked to interest rates."

Demirbaş further emphasized that the move aligns with efforts to combat inflation, predicting that this decision will significantly reduce the cost of housing loans and pave the way for renewed activity in the property market.

This development comes as part of broader measures to support Turkish markets, with real estate being one of the country's key economic pillars.

 Source: Turkey Now