Turkey’s Interest Rate Cut Sparks Real Estate Market Revival

The Central Bank of Turkey lowered interest rates by 250 basis points to 45%, marking the second consecutive cut in two months. This downward trend is expected to boost Turkey’s real estate sector by reducing housing loan costs.

Real estate expert Atalay Demirbaş highlighted the impact, stating that lower interest rates would stimulate demand and revitalize the market. This move aligns with broader economic measures to combat inflation and strengthen key sectors, including real estate.