Despite the recent rise in loan interest rates, the rate of real estate purchases with loans has continued to rise. According to data from the 2025 Housing Sales Statistics, mortgaged home sales in the last month reached 14,000, a nearly 100% increase compared to the previous year. Data from various institutions also indicates a significant increase in mortgage loans. This raises the question of how such a significant increase in sales occurred despite high interest rates.
There are several reasons for the rising housing sales rate despite interest rates reaching 3%. One of these reasons is that citizens, despite the various challenges, prefer to live in their own homes rather than face the hassle of renting and the associated problems. This is due to the fact that rent increases far outweigh sales prices. Therefore, it appears that those with the means are choosing to own a home by covering the necessary difference rather than paying rent. This situation is particularly favorable for second-hand homes.
A significant portion of citizens who prefer homeownership to renting appear to be waiting for interest rate reductions. However, officials state that this approach is incorrect. The reason for this is attributed to the inverse relationship between mortgage interest rates and housing prices. In other words, as mortgage interest rates decrease, demand for housing, and consequently, housing prices, increases. Consequently, it would be more advantageous for citizens considering buying a home to act without waiting for an interest rate reduction.
Although interest rate cuts and housing prices are inversely correlated, officials emphasize that they expect a rate cut starting in July. Specifically, the rate cut is projected to fall below 2% by mid-2026, which is expected to lead to significant increases in housing prices.
Real Estate Certificate as a Second Option
The real estate certificate program, offered in collaboration with TOKİ and Emlak Konut, is being considered a second option. This program offers citizens who lack sufficient savings to invest in housing, and even potentially become homeowners.
