kargaa

Turkey's big housing problem

Short
Turkey is selling real estate for a passport, you could be a Turkish citizen If you bought 400.000$ It was 250.000$ at the beginning and you only need this flat for 3 years.

Right now, Turkey is might be most expensive place in Europe due to interesting economic decisions, expats even leaving Turkey because of that, rents are expensive, food is expensive, energy is expensive.

Turkey is no more a holiday destination because of that, Egypt took that this year.

Turkish is plunging against the dollar, central bank doesn't have even a penny.

Interest rates are 30 right now even low when you compare with real inflation.

There will be huge regrets till USA started to print money but Turkey's problems might not so easily.

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