Turkey Real Estate Review / 2018 First Quarter
Date Published: 31/05/2018
Examination of growth data for the first three quarters of 2017 shows a notably rapid turnaround in Turkey’s economy from its weak growth rate of 3.2% in 2016. The chain volume index for the third quarter of 2017 shows that Turkey outperformed expectations, recording a growth rate of 11.1% over the same quarter of 2016, with a total year-on-year growth rate for the first three quarters of 2017 coming in at 7.4%. Strong growth rates were significantly impacted by positive investment and domestic consumption indicators as well as 2016’s base effect.