Turkey's Low‑Interest Mortgage Scheme Awaits Launch as Real Estate Sector Signals Tightening

The government‑backed “İlk Evim Konut Kredisi” programme, promising a 1.20 % interest rate on loans up to ₺2 million for first‑time homebuyers, has not yet received an official start date. Applicants are expected to meet criteria such as no existing property ownership, residency in the city of purchase, and income limits, with the rollout anticipated in the second half of the year.

Separately, industry leaders at a press conference noted that Turkey’s real‑estate market is not in crisis but faces a modest contraction as high financing costs limit buyer access. Mesa Holding CEO Mert Boysanoğlu highlighted persistent demand for housing despite falling home‑ownership rates and rising land prices, and announced the forthcoming Riva Senior Living project as part of a new collaborative platform with Azimut Portföy and Quvars Invest.