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01 Oct
15:40

Turkish housing sector anticipates revival following strong August

The damage caused to Turkey’s construction industry by the fluctuating lira/dollar exchange rate since August 2018 is observed to be decreasing, Kallanish notes. The housing sector, which has been stagnant for months, is seen being revived following the reduction by private banks of interest rates on housing loans to approximately 1%, in line with state banks. Erdinç Yazganoğlu, general manager of home automation technology firm Becker Antriebe, …
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