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Real Estate Loans and Mortgage In Turkey

Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (MPC) lowered the policy rate by 425 basis points at its meeting on July 25 from 24% to 19.75 %. The decline in borrowing costs as a result of this decline brought out the expectation of reviving demand and growth. 

According to the information published in the monthly bulletin by the Banking Regulation and Supervision Agency as of the end of June, cash loans to the construction sector amounted to TL 224 billion (47 billion short-term; TL 177 billion medium and long-term).