Market Updates

US BUDGET PROVIDES A DEFICIT OF 129 BILLION DOLLARS IN DECEMBER 2023

The US federal government's budget deficit increased by 52 percent in December last year compared to the same month of the previous year, reaching 129 billion dollars. The US Treasury Department published the budget balance report for December 2023. Accordingly, the federal government's budget deficit was calculated as 129 billion dollars in the third month of the 2024 fiscal year, which started on...

10 MOST EXPENSIVE DISTRICTS IN TURKEY

According to the data of real estate platform Hepsiemlak; Turkey's 10 most expensive neighborhoods emerged. The entire list came from Istanbul. MOST VALUED PROVINCE ANTALYA According to the data, Antalya was the province with the highest value per square meter of residences for sale in 2022! Antalya, which was under the intense interest of foreign investors due to the Russian-Ukrainian crisis,...

CONSTRUCTION COST REDUCED SPEED

Turkish Statistical Institute announced the construction cost index data. Construction cost index increased by 3.44 percent in October 2022 compared to the previous month and increased by 117.07 percent compared to the same month of the previous year. Compared to the previous month, the material index increased by 3.88 percent and the labor index increased by 1.94 percent. In addition, the material...

FOREIGN RECORD IN ANTALYA

According to the housing sales data announced by TUIK, 6 thousand 323 houses were sold in Antalya in October. Foreigners bought 33.58 percent (2 thousand 123 units) of these residences. Mersin, Yalova and Istanbul were the other provinces with the highest proportion of sales to foreigners. Istanbul, which was in the first place in sales to foreigners in the previous 68 months when the statistics started...

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