Turkey: collapsing currency, booming house prices
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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 rose 5.08% (3.35% inflation-adjusted).
Prices of new homes are also rising at double-digit rates, though opinions differ about how much.
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