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Turkey, collapsing currency, booming house prices

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  • istanbul-estate-market
August 1, 2013 in Market Updates

Turkey: collapsing currency, booming house prices Turkey’s residential property market is now one of Europe’s best performers, despite modest economic growth. During the year to end-Q2 2015, Turkey’s nationwide house price index surged 18.96% (10.95% inflation-adjusted), according to the Central Bank of the Republic of Turkey (CBRT). During the latest quarter (Q2 2015), house prices…

Russians and British top buyers of Turkish properties

August 1, 2013 in Luxury

Russians and British top buyers of Turkish properties Economic trustworthiness is also reflected in real estate sales to foreign buyers. From the Bahamas and Commodore Islands to the Dominican Republic and Mozambique, foreigners from 120 countries have purchased properties worth $18 billion in Turkey over the last six years, while in the last year alone…