According to the Central Bank of Turkey, in December last year, prices for
apartments in Turkey increased by 9.92 percent compared to December 2018
Back in November, the annual price increase for
apartments in Turkey was 7.2 percent. True, taking into account inflation, the increase was +1.71 percent.
Apartments in Istanbul went up by 3.7 percent year on year, in Ankara - by 10.13 percent. The increase in prices for apartments in the country's third largest city, Izmir, reached 10.26 percent. /a> grow in price faster than secondary housing. In a year, prices for new buildings jumped by 10, 73 percent, and the "secondary" has risen in price by 8.78 percent.
in Turkey does not reflect reality due to high inflation. The economic crisis in Turkey continues to be felt. However, the struggle of the Turkish authorities with high inflation rates is already bearing fruit. A sluggish economy, a depreciating currency and a buildup of government debt all mean rising unemployment and falling property prices for local residents. But for foreigners, the devaluation of the currency has been leading to an increase in the attractiveness of Turkish housing for several months now. a depreciation of the currency and the accumulation of public debt - all this for local residents means rising unemployment and lower property prices. But for foreigners, the devaluation of the currency has been leading to an increase in the attractiveness of Turkish housing for several months now. a depreciation of the currency and the accumulation of public debt - all this for local residents means rising unemployment and lower property prices. But for foreigners, the devaluation of the currency has been leading to an increase in the attractiveness of Turkish housing for several months now.
