Bank interest rates, one of the main determining factors in economic indicators, were raised to 46 percent at the Central Bank meeting held last March.
Real-estate representatives from İzmir note that, as annual inflation continues to decline, the markets are expecting an interest-rate cut decision following the meeting scheduled for June.
Sector representatives, emphasizing that the construction industry feeds 200 different lines of business and makes a significant contribution to the economy, state that if low-interest loan opportunities are provided, the housing market will revive again.
FCTU Chair of the Board Gülçin Bekem:
“INVESTORS ARE WAITING FOR AN INTEREST-RATE CUT TO BUY HOMES”
