Turkey's First Home Housing Loan Campaign With 1.20% Interest Rate to Target Low-income Buyers

Turkey's First Home (İlk Evim) housing loan campaign, offering a 1.20% interest rate, is expected to target low-income buyers. The program aims to provide affordable financing for first-time homebuyers, with the government subsidizing the difference between the market rate and the promotional rate. Eligible applicants must meet certain income and credit criteria, and the loan is available for properties up to a specified value. The campaign is part of broader efforts to boost homeownership and stimulate the housing sector.