15.04.2025 11:20
As the eyes are turned to the policy interest rate to be announced on Thursday, April 17, those looking to buy homes and cars are also waiting for interest rates to decrease. In an interview on Haberler.com with host Abdurrahman Yazıcı, Prof. Dr. Cemal Zehir pointed to the summer months for a decline in housing and vehicle loans.
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Housing and vehicle loan interest rates are of great concern to those looking to make purchases with bank loans. As the eyes are turned to the policy interest rate to be announced on Thursday, April 17, in hopes of a decline in the long-standing high interest rates in the market, a notable prediction has come from an expert.
Prof. Dr. Cemal Zehir, who was a guest of presenter Abdurrahman Yazıcı on Haberler.com, pointed to the summer months for a decrease in housing and vehicle loans. He explained his forecasts regarding the Central Bank's interest rate policy. Prof. Dr. Zehir stated that it would take time for interest rate cuts to reflect in the market, saying:
The Central Bank has taken some measures to prevent the negative reflection of the political developments on the market. Interest rates have started to form at around 48%. We believe that the decline in interest rates will be delayed in the automotive and housing sectors. The Central Bank will not postpone the interest rate cut in the policy rate; the policy rate will decrease. Starting from June, there will be an interest rate cut that will accelerate the purchase of housing and vehicles.
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