Turkish Statistical Institute

Cap on rent hike to be extended, says justice minister

The government is considering extending a 25 percent cap on rent hikes, Justice Minister Yılmaz Tunç has said.

"Works [on the cap] are ongoing. We are hoping to finalize the respective regulations by July 1," Tunç told reporters following the ruling Justice and Development Party's (AKP) central decision and executive board meeting.

Consumer confidence plunges in June

The consumer confidence index declined by 6.5 percent month-on-month to 85.1 in June, after improving in the two previous months, data have shown.

Any index figure above the 100-mark indicates optimism among consumers.

All main sub-indices in the consumer tendency survey, carried out jointly by the Central Bank and the Turkish Statistical Institute (TÜİK), fell in June.

Foreign firms put Turkish real estate market on their radar

With elections finally over, Türkiye's real estate market is showing signs of picking up again as companies unveil new projects they had previously put on hold.

Foreign firms are also looking at the opportunities in the local housing market after the election-related uncertainties have waned.

Retail sales volume, turnover in key industries rise in April

Both retail sales and turnover in four key sectors, namely industry, construction, trade and services, have increased on an annual basis in April, data from the Turkish Statistical Institute (TÜİK) have shown.

The retail sales volume index rose by 27.5 percent in April from a year ago, though slowing from the 28.8 percent year-on-year increase recorded in the previous month.

Unemployment rate rose slightly in April

Türkiye's unemployment rate inched up from 10.1 percent in March to 10.2 percent in April, the data from the Turkish Statistical Institute (TÜİK) have shown.

The number of unemployed people increased by 74,000 from March to 3.89 million in April.

The unemployment rate among men was 8.1 percent, and among women was 14.3 percent.