The Monetary Policy Council has decided to cut the main interest rate at its meeting. This was the second interest rate cut this year.
The interest rate cut is good news for the real estate market. Lower interest rates mean that mortgage loans become cheaper. This, in turn, increases the creditworthiness of potential homebuyers, which may contribute to an increase in demand for housing.
The interest rate cut is also good news for developers. Lower mortgage costs enable developers to offer homes at a lower price. This may facilitate the purchase of a home for individuals with limited financial means.
However, it is crucial whether the trend of interest rate cuts will be maintained.
Will interest rate cuts continue? This is a key question for the real estate market. If interest rates continue to fall, it may lead to an increase in demand for housing and an increase in housing prices.
However, it is important to remember that interest rates are variable and may rise in the future. In the event of an increase in interest rates, this could negatively impact the real estate market.
We discuss this topic in detail in our latest material: