Housing market rebounds as interest rate cuts
Last Updated: 2020-07-06Konya state has achieved the highest increase in the sale of housing units in Turkey, following the government's decisions to reduce the interest rate on loans, allowing many who want to buy a residential property
The president of Konya Chamber of Realtors, “Sedat Altınay”, said that the reduction in the interest rate on loans led to the recovery of the housing market, after these markets have been stagnant for a long time.
Adding: "The government has taken important steps to revive the real estate sector, at the beginning of these steps, registration fees have been reduced according to studies, however, the interest rate lowered the price of the housing stock market, and people are offering to get loans to buy housing, and this recovery was an opportunity for many home buyers, it the time for local and foreign citizens alike to invest in the real estate sector.
According to real estate expert “Altınay”, Konya is one of the leading provinces in the sale of housing, where he explained: "If there are citizens who will buy apartments, let them invest in real estate without wasting any time and take benefit from low interest rates, in Konya state, housings are building with Earthquake-resistant and high-quality living standards, the price per square meter is very high, so Istanbul, Ankara or Izmir are examples of cities where investment is rising, so the demand for housing in Both Turkey and abroad is very high.
Altınay recommended that investors invest in real estate without hesitation, saying, "It can be said that real estate has won today, and it is certain that over time it will be the winner as well."
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