Two key events recently have provided hope for economic relief and an upward turn to property prices in Istanbul, and Turkey:
1) President Trump (US) signalled the cancellation of sanctions on Turkey;
2) President Erdogan (Turkey) dismissed the head of the Turkish Central Bank, suggesting the new head will move interest rates in Turkey lower.
Are these events sufficient to move property prices higher?
The cancellation of sanctions would be positive for the economy, but the direct impact on property prices is likely to be less direct. The unfolding sanctions story is likely to be less clear, and less significant for property prices.
Lower interest rates would have a positive impact on property prices. With interest rates at 24%, mortg...