Contrary to what has been expected, the increase in interest rates for home equity loans did not have a negative impact on demand for housing in the first quarter of this year, reported Turkey's monthly business and economy magazine Capital. Turkey has an annual housing deficit of 700,000 units. Therefore, the country's real estate sector cannot stall, said Avni Çelik, chairman of Sinpaş Group, one of Turkey's residential and commercial construction firms. In this respect.

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