US EditionInflation forces Turkey's central bank chief to move in with parents
- The cost of living in Istanbul has become prohibitively expensive, forcing many people to move in with family members.
- Inflation in Turkey reached 61% in November, prompting the central bank to raise benchmark lending rates to 40%.
- Rent increases have been capped at 25%, but this has exacerbated housing tensions as landlords try to evict tenants in order to increase rents.
32 Articles
32 Articles
Hafize Gaye Erkan is Turkey's most powerful banker — and can't find affordable housing in Istanbul.
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Председатель турецкого Центробанка Хафизе Гайе Эркан в 44 года переехала к родителям. Причина — в высокой инфляции и росте цен на недвижимость в стране, поделилась она в интервью газете Hürriyet. Стамбул оказался слишком дорогим городом для главы регулятора — позволить себе там жилье Эркан не может. «Как Стамбул может быть дороже Манхэттена?» — задалась вопросом она в разговоре с журналистом издания. Эркан есть с чем сравнить: до своего назначен…
Hafize Gaye Erkan, 44, said she couldn't find an apartment because of inflation. Opening a very heated debate in the country
The rental market in Turkey - especially in the metropolis of Istanbul - is so overheated that even the most powerful female banker in the country cannot find a home. She had to move back in with her parents, says central bank manager Erkan. [more]
Hafize Gaye Erkan, a 44-year-old banker who worked for Goldman Sachs in particular, explained on Saturday, December 16, that she had failed to find housing in Istanbul because of the price spikes that have plagued Turkey for many months.
Rents in the Turkish metropolis of Istanbul are rising and rising. This forces the most powerful female banker in the country to take an unusual step. Rents in the Turkish metropolis of Istanbul are rising and rising. This forces the country's most powerful banker to take an unusual step. An article from The rental market in the Turkish metropolis of Istanbul with millions of inhabitants apparently overwhelms even the country's most powerful ban…
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