The main reasons are the situation in Ukraine and the rise in energy and commodity prices after last year's collapse of the lira.
What happened? In April 2022, annual inflation in Turkey jumped to 69.97%, exceeding the forecast and reaching the highest in two decades.
Reasons. The situation in Ukraine and rising prices for energy and commodities after last year's collapse of the lira cause high inflation.
The currency's fall was due to a 500 basis point interest rate cut cycle that began in September 2021 under pressure from President Tayyip Erdogan, causing a steady rise in consumer prices.
Details. According to the Turkish Statistical Institute, every month, consumer prices rose by 7.25% in April, compared with the forecast of a Reuters poll of 6%. Annual consumer price inflation was forecast at 68%.
The data showed that the increase in consumer prices was caused by a 105.9% jump in prices in the transport sector, including energy prices, and an 89.1% jump in food and soft drink prices.
Monthly, prices for food and non–alcoholic beverages increased by 13.38%, and housing prices increased by 7.43%.
The government has said that inflation will fall under its new economic program, which prioritizes low-interest rates to increase production and exports to achieve a positive current account balance.
Properties for sale in Turkey:
171 600 €
Flat in Alanya, Turkey
145 sq.m43
Residence
THE GARDEN OF EDEN
BOTH
3+1 ON DIFFERENT FACADES
7th FLOOR 145m2
SWIMMING POOL FACADE
APARTMENTS WITH A VIEW
Delivery of the project-30-03-2023
Renaissance Estate
615 800 €
Penthouse in Maltepe, Turkey
250 sq.m75
Residence
A beautiful comfortable residential complex in the most prosperous area of Maltepe. Suitable for CITIZENSHIP!
You will live in a comfortable elite residential complex, included in the dynamics of life in the heart of Istanbul. We offer you a free and rich life with its natural landscapes, full of all shades of green, unique islands and sea...
Renaissance Estate
374 000 €
Penthouse in Alanya, Turkey
200 sq.m542
ResidenceOnline ViewingRemote Transaction
We offer for sale an apartment with a 4 + 1 layout of 200 m² in Oba. The apartment is located on the attic floor of a 6-storey complex built in 2015. The layout implies a duplex apartment, which includes a living room combined with a kitchen, 4 bedrooms, 2 bathrooms, 2 balconies and a terrace with a magnificent view. The apartment is a...
Zera Homes
151 000 €
Apartment in Alanya, Turkey
120 sq.m322
ResidenceOnline ViewingRemote Transaction
We bring to your attention a new apartment 2 + 1 in Oba with an area of 120 m². The apartment offered for sale is located on the 1st floor of a 6-storey complex. The facility was commissioned in November 2022. The layout of the apartment includes a living room combined with a kitchen, 2 bedrooms, 2 bathrooms and 2 balconies. Bsdana...
A new project of a residential complex in the Oba area. The complex is located on an area of 2800m2 and consists of two 5-storey blocks. The complex has all the necessary infrastructure for a comfortable stay. The distance to the sea is 2km. For sale are:
Penthouses 4+1, total area from 130m2
The Oba district is one of the most popular in...
We suggest you consider the option of purchasing an apartment with a layout of 1 +1 with an area of 75 m2 in Mahmutlar. The complex was built in 2017. The apartment offered for sale is located on the 7th floor of a 9-storey complex. The layout of the apartment includes a living room combined with a kitchen, 1 bedroom, 1 bathroom and 1 balcony....
Luxury complex of premium class in Kargicak.
We are glad to present you a new project that will become a new symbol of luxury and comfort in the Kargicak area of Alanya.
The elite premium class complex will be located on a plot of 31,000 square meters, and will consist of 4 blocks, with a total of 138 apartments. The building area will...
REMAX SELENGA
165 550 €
Flat in Alanya, Turkey
110 sq.m32
Residence
Features of the complex:
Outdoor swimming pool
Elevator
Garden
Generator
Parking
Hydrophore
Renaissance Estate
170 500 €
Flat in Alanya, Turkey
120 sq.m32
Residence
Without furniture, you can give free rein to your imagination and arrange everything exactly as you need and conveniently.
Renaissance Estate
176 000 €
Flat in Alanya, Turkey
51 sq.m21
Residence
The infrastructure of the complex:outdoor swimming pool (700 m2), jacuzzi, children's pool,
playground, outdoor cinema, recreation areas, yoga place, working
space, library, billiards, table tennis, indoor pool, Turkish bath, sauna,
salt room, steam room, jacuzzi, relaxation area, gym, children's room game room,
cafe.
Features of the complex:...
Renaissance Estate
137 500 €
Flat in Alanya, Turkey
55 sq.m
Residence
Location:
This apartment is located in Oba district in Alanya. The distance to the center of the area is 550 meters. Oba is a neighborhood that has something for every family member. Children can enjoy playgrounds and water parks, as well as study in children's clubs. Families can spend time together, walking in parks and doing water sports. The...
Mayalanya Group
206 500 €
Flat in Antalya, Turkey
95 sq.m4
Sales of an investment project have been opened in Konyaalti, one of the most sought-after areas of Antalya. This area is located in the western part of the city, from the windows of the apartments there will be a magnificent view of the mountains. The minimum distance to the sea in the conditions of a million city. It is 2.5 km away.
The...
İNEST HOMES
368 170 €
Apartment in Fethiye, Turkey
80 sq.m322
ResidenceOnline ViewingRemote Transaction
The elegant apartments in Fethiye combine refined sophistication and selfless nature. Their charming location within walking distance from the embankment (cordon) offers exceptional harmony - here, among the picturesque silence and greenery, you will find your corner of comfort.
The apartments are 2+1 and 4+1 duplexes, providing a variety of...
FethiyeDom
201 000 €
Apartment in Turkey
206 sq.m542
ResidenceOnline ViewingRemote Transaction
Apartments in a Complex with Indoor & Outdoor Swimming Pool in Kartepe Kocaeli
Kartepe is one of the most lively and beautiful districts of Kocaeli. With a rich amount of social activity options, beautiful nature, and nature sports; Kartepe is an ideal tourism center as well. With its tranquil and peaceful atmosphere within a natural setting,...
Furnished 2+1 apartment in a cozy residential complex with a swimming pool. Located in the resort area of Mahmutlar. Mahmutlar is an area with a well-developed urban infrastructure, within walking distance from the complex there are: schools, kindergartens, hospitals, pharmacies, restaurants, cafes, shops and supermarkets. Information about the...
Exclusive Home Real Estate
6 000 000 €
Villa in Bodrum, Turkey
465 sq.m644
ResidenceOnline ViewingRemote Transaction
Fully Detached Villas with Smart Home System in Bodrum
Türkbükü, with its private coves, crystal-clear sea, pine forests, and world-renowned hotels, is one of the most popular locations on the Bodrum Peninsula. Located on the other side of the Bodrum Peninsula in the Turkish Riviera, Türkbükü is frequently chosen by famous figures and stands out...
TEKCE
588 721 €
House in Antalya, Turkey
157 sq.m65
Residence
The cottages, which are located in the picturesque area of the Turkish city of Kalkan, are designed for year-round living away from the hustle and bustle. There are 14 villas on the site. The landscaped area boasts a developed infrastructure. Hospitals, schools, shops with a diverse range of products operate here, cafes and restaurants are open...
Mercury Group
230 000 €
Flat in Alanya, Turkey
115 sq.m
Residence
Two–bedroom apartment near the sea in Tosmur - buy in Mayalanya
