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:
591 000 €
Villa in Fethiye, Turkey
200 sq.m543
ResidenceOnline ViewingRemote Transaction
This beautifully presented detached duplex villa is located in Koca Calis, Fethiye and features 4 bedrooms and 3 bathrooms. It boasts an amazing outside space with private pool and gardens and has its own private drive. One of the bedrooms features an ensuite and the whole villa is breathtaking with its extremely modern design.
4 bedrooms
3...
Fethiye Property World
212 478 €
Apartment in Beylikduzu, Turkey
321
Istanbul Property
73 500 €
Flat in Alanya, Turkey
105 sq.m32
Residence
We offer you a 2+1 apartment in the Mahmutlar district. An urban-type house, located 400 m from the Mediterranean Sea. In walking distance from the house there are chain markets, a market, bakeries, cafes and all the necessary urban infrastructure.
The apartment is located on the 3rd floor of a five-storey building with an area of 105 m, a 2 + 1...
AAAA ADVISER
300 000 €
Villa in Alanya, Turkey
220 sq.m432
We present to your attention a luxury villa with a private pool, fully furnished, with all necessary modern appliances, located in the Kargicak resort area of Alanya. The villa has an area of 220m2, layout 3 +1.When buying a villa, you will have access to the entire infrastructure of a five-star luxury hotel: a winter pool, gym, hammam, sauna,...
RIVER HOMES ALANYA
279 000 €
Apartment in Maltepe, Turkey
82 sq.m21
ResidenceOnline ViewingRemote TransactionPayment in RUB
IST-0833
ANTALYA HOMES
385 000 €
Flat in Fethiye, Turkey
150 sq.m644
Gulf Beach Residences | Fethiye
4 bedrooms - 1 living room - 4 bathrooms
Large balconies
Shared pool and garden
Fitness center
250 meters from the beach
3 km to Fethiye city center
Cost from 385.000EURO
All additional information on request!!!
Buona Realty
472 000 €
Flat in Alanya, Turkey
270 sq.m54
Residence
Lovely apartment in Both 4+1 for citizenship. The sea is only 200 meters away, the developed infrastructure of the complex. There are no problems with transport, everything you need for a comfortable life is within walking distance.
Renaissance Estate
223 500 €
Flat in Alanya, Turkey
125 sq.m321
Online ViewingRemote Transaction
Status Property Company offers you a spacious two-bedroom apartment 250 meters from the famous Cleopatra Beach. The apartment is located on the territory of an urban-type complex, where there are gazebos for recreation, outdoor car parking, 24-hour security.The apartment itself is located on the fifth floor of the south-east side. The layout of...
Status Property
965 000 €
Villa in Alanya, Turkey
338 sq.m442
CitizenshipOnline ViewingRemote Transaction
We present to you a new grandiose project consisting of 40 villas and seven 5-storey buildings under construction in the Kargicak district. The project is being built on the territory of 38913m2 where there will be a complete infrastructure including its own laundry, atelier, Russian baths, spa complex and many other benefits available to the...
Liga Real Estate
160 000 €
Flat in Alanya, Turkey
51 sq.m21
Online ViewingRemote Transaction
1+1 Apartment for sale in the Mahmutlar district of Alanya. The 51 sq.m apartment includes: a living room, 1 bedroom, 1 bathroom, 1 balcony, as well as a kitchen combined with a living room. The apartment is located on the 1st floor, oriented to the North, East, the Windows overlook the mountains, the city. The apartments are sold with a fine...
BUTA HOMES
148 500 €
Flat in Alanya, Turkey
130 sq.m2
Residence
RestProperty
152 500 €
Flat in Alanya, Turkey
110 sq.m2
Residence
RestProperty
253 000 €
Flat in Alanya, Turkey
108 sq.m2
Residence
RestProperty
75 000 €
Flat in Mersin, Turkey
70 sq.m211
Online ViewingRemote Transaction
District: KARGIPINARI, FATIH
Date of completion of the object: JUNE 2024
Layouts for sale: 1+1/2+1
Gross area: 70m2/105m2
Number of bathrooms: 1/2
Floors for sale: 1-12
Number of floors of the house: 12
Cuisine: American
Furniture: partially furnished
Heating: Gas in the future
View: sea, mountains
To the sea: 300 m...
Emerald Homes | Real Estate & Construction
102 064 €
Flat in Manavgat, Turkey
100 sq.m32
Remote Transaction
For sale a new two-bedroom apartment in the resort village of Antalya- Manavgat.
Manavgat is a village in southwestern Turkey, located between Antalya and Alanya. It is a perfect combination of modern infrastructure and convenient location, expressed in proximity to popular seaside resorts of the Turkish Mediterranean. Manavgat is the second...
Rela Estate
299 000 €
Flat in Alanya, Turkey
180 sq.m543
ResidenceOnline ViewingRemote Transaction
The apartment for sale is located in Ishakli. Ishakli is a relaxed suburb of Alanya and directly next to the sea. By car it takes around 15 minutes to Alanya. It offers views of the sea, plantations and the impressive Taurus Mountains.
The sea is visible from the property.
From the apartment it is around 0,5-1 km to the beach. The closest...
TIMONDRO Emlak Danışmanlık Limited Şirketi
256 900 €
Flat in Istanbul, Turkey
73 sq.m211
CitizenshipOnline ViewingRemote Transaction
The apartment for sale Bahcelievler is a district located in the European side of Istanbul. It is considered a middle-class neighborhood and has a population of around 500,000 people. The district is known for its green spaces, parks, and gardens, and is considered a relatively quiet and peaceful area compared to other parts of the city. Also,...
TIMONDRO Emlak Danışmanlık Limited Şirketi
111 342 €
Flat in Antalya, Turkey
64 sq.m212
Residence
Modern apartments at affordable prices for a residence permit
For sale are apartments in a gated residential complex in a new building.
A new residential complex with three modern five-storey residential buildings is located in the Altyn Tash district in Antalya. Each apartment has a spacious American kitchen and is available in various...
United World Real Estate
398 977 €
Flat in Istanbul, Turkey
87 sq.m32
Residence
Residents of the complex will be able to admire the picturesque views of Istanbul and Mount Chamlyja every day. The object is made in a modern style. It attracts the gazes of passers-by.
I would like to note a good transport interchange. There is a metro station just five minutes away on foot, it takes no more than 7 minutes to get to the...
FOA Invest
103 500 €
Apartment in Alanya, Turkey
55 sq.m211
ResidenceOnline ViewingRemote Transaction
We offer you a new project of a residential complex located in the Payalar district at a distance of 1500 m. The residential complex will consist of one residential block on a plot of 3204 sq.m. In total, the complex will have 56 apartments, of which 35 apartments 1+1, 14 2+1, 5 duplexes 2+1 and 2 duplexes 3+1. The apartments are rented in...
