Reflecting the recent hike in official interest rates, credit growth and consumer spending in Turkey are vulnerable to a slowdown. In turn, and given that rents are high while yields are low, there is an increased risk that our central forecast for stability in Turkish retail property capital values over the next year or two could prove to be too optimistic.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services