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The construction cost index in Turkey has increased by 80%.

The construction cost index in Turkey has increased by 80%.

March 16, 2023

According to the data of the Institute of Statistics of Turkey (TUIK), in January 2023, the construction cost index in Turkey increased by more than 15% compared to the previous month. In general, the index of residential real estate construction costs increased by almost 80% over the year. Recall that housing prices directly depend on the cost of its construction costs.

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