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31 May 2012
Frankfurt am Main, Germany
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- Property Debt Breakfast
20 June 2012
London
Turkey mortgage sector seen with potential up to e150bn
The economic volume of Turkey's mortgage sector may hit e150bn if the mortgage system begins to operate effectively, Turkey's Capital Markets Board President Turan Erol has forecast. While the US has 70% of national income by value in mortgage finance, and western Europe some 50%, developing countries such as Turkey show rates around 25-30%.