Türkiye home prices extend real decline as high rates weigh on market

AI Summary

Housing prices in Türkiye have continued to decline in real terms as of May, despite an increase in sales volumes. The decline is attributed to high borrowing costs which have negatively impacted the property market.

Housing prices in Türkiye extended their decline in real terms in May, despite continued growth in sales volumes, as elevated borrowing costs weigh on the property market. Data fr...