HOUSING SECTOR SET TO REVIVE IN 2025: Bank Loan Demand on the Rise? – Breaking News
The recent decision by the Central Bank to reduce the policy rate to 47.5 percent is expected to have a significant impact on the demand for bank loans, especially in the real estate sector.
Real Estate Expert Evrim Kırmızıtaş weighed in on the matter, stating that the decrease in the policy rate will make keeping money in the bank less attractive. As a result, many individuals are now looking to invest their deposits for down payments on properties and then take out loans to make their purchases.
One of the key questions raised following the interest rate decision is whether banks will further reduce home loan interest rates. Currently, both public and private banks are offering attractive campaigns with 120-month maturity options. It is anticipated that a drop in loan interest rates will lead to an increased interest in buying homes.
Looking ahead to the real estate market in 2025, experts predict a continued growth in demand for properties. Despite the challenges of the current year, with sales reaching around 1,265,000, there is optimism that the momentum will carry over into the next year. The real estate market is expected to remain vibrant in 2025, with a steady demand for properties.
Overall, the recent decision by the Central Bank is expected to drive an increase in the demand for bank loans, particularly in the real estate sector. As interest rates become more attractive, more individuals are likely to invest in properties and take advantage of the available financing options.
