| Turkey’s Deputy Prime Minister Al-Babacan emphasized the importance of housing development on the macroeconomic health of the country and the positive effects of the sector being properly financed, clearly and effectively regulated and with a mix of low cost and public housing forming a substantial part of development.
This, he said, was the formula that had seen Turkey through the world economic downturn. He said: “The mortgage system was carefully designed and both clearly and strongly regulated. This developed trust in the system and a resulting stability.”..............................................Full Article: Source
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