Risparmiatore incauto
Forumer attivo
Giusto, tra la lira turca e il dollaro preferiscono la lira turca, mantiene di piu' il suo valore.
Obbligazioni valute high yield TURCHIA bond in usd e lira turca (9 lettori)
- Creatore Discussione sentex
- Data di Inizio
Giusto, tra la lira turca e il dollaro preferiscono la lira turca, mantiene di piu' il suo valore.
Risparmiatore incauto
Forumer attivo
m.m.f
Forumer storico
...continuo a non essere pessimista sulla Turchia....poi magari prendo una cantonata...
m.m.f
Forumer storico
...manca un anno e qualche mese alle elezioni...allo stato attuale di vincerle fatto salvo brogli imbrogli sgambetti leggi ad hoc non penso che abbia molte possibilità di vincerle...
pietro17elettra
Nonno pensionato
UPDATE 1-Turkish house sales doubled in December as inflation surged 14/01/2022 10:58 - RSF
(Adds analyst comment)
ISTANBUL, Jan 14 (Reuters) - Turkish house sales leaped 113.7% in December to 226,503 properties, as locals scrambled to invest in real estate as a shield against soaring inflation, after a series of unorthodox rate cuts left real yields in deeply negative territory.
Real estate sales in December accelerated from a month earlier as the lira's decline steepened, with the authorities pursuing the policy of low interest rates to boost exports and credit.
Housing sales to foreigners also surged 77% annually in December to 7,841 properties, data from the Turkish Statistical Institute showed, as the lira's sharp decline last month made real estate much cheaper in hard currencies.
The data showed December mortgage sales rocketed 209.3% from a year earlier to 45,260 units, the data showed.
Turks see real estate as an investment to protect their savings from inflation, given real yields are deeply negative, said TSKB Real Estate Valuation Manager Makbule Yonel Maya.
"People have turned to real estate purchases from the moment inflation began to rise. Construction costs are consistently rising, this means housing prices are increasing, which support real estate investment," she said.
Maya added that people also sought to purchase real estate in the last month of the year before taxes and fees were hiked in the new year.
Turkey's central bank has slashed its policy rate by 500 basis points since September, delivering stimulus long sought by President Tayyip Erdogan, despite the continued sharp rise in inflation.
The rate cuts led locals to snatch up foreign currencies in record amounts, sparking a full-blown lira crisis last month and stoking inflation which hit 36% in December.
In 2021 as a whole, total house sales dipped 0.5% to 1.492 million properties, with mortgaged sales down 49%. In 2020, sales surged due to pandemic-era cheap loans from state banks, prompting real estate developers to launch campaigns for buyers.
Sales to foreigners accounted for 3.9% of all housing sales in 2021, with purchases rising 43.5% to 58,576 units. Most of the sales to foreigners were in Istanbul, followed by Antalya and Ankara.
(Reporting by Daren Butler, Nevzat Devranoglu and Ceyda Caglayan; Editing by Jonathan Spicer, Ece Toksabay, William Maclean)
(([email protected]; +90-212-350 7053; Reuters Messaging: [email protected]))
(Adds analyst comment)
ISTANBUL, Jan 14 (Reuters) - Turkish house sales leaped 113.7% in December to 226,503 properties, as locals scrambled to invest in real estate as a shield against soaring inflation, after a series of unorthodox rate cuts left real yields in deeply negative territory.
Real estate sales in December accelerated from a month earlier as the lira's decline steepened, with the authorities pursuing the policy of low interest rates to boost exports and credit.
Housing sales to foreigners also surged 77% annually in December to 7,841 properties, data from the Turkish Statistical Institute showed, as the lira's sharp decline last month made real estate much cheaper in hard currencies.
The data showed December mortgage sales rocketed 209.3% from a year earlier to 45,260 units, the data showed.
Turks see real estate as an investment to protect their savings from inflation, given real yields are deeply negative, said TSKB Real Estate Valuation Manager Makbule Yonel Maya.
"People have turned to real estate purchases from the moment inflation began to rise. Construction costs are consistently rising, this means housing prices are increasing, which support real estate investment," she said.
Maya added that people also sought to purchase real estate in the last month of the year before taxes and fees were hiked in the new year.
Turkey's central bank has slashed its policy rate by 500 basis points since September, delivering stimulus long sought by President Tayyip Erdogan, despite the continued sharp rise in inflation.
The rate cuts led locals to snatch up foreign currencies in record amounts, sparking a full-blown lira crisis last month and stoking inflation which hit 36% in December.
In 2021 as a whole, total house sales dipped 0.5% to 1.492 million properties, with mortgaged sales down 49%. In 2020, sales surged due to pandemic-era cheap loans from state banks, prompting real estate developers to launch campaigns for buyers.
Sales to foreigners accounted for 3.9% of all housing sales in 2021, with purchases rising 43.5% to 58,576 units. Most of the sales to foreigners were in Istanbul, followed by Antalya and Ankara.
(Reporting by Daren Butler, Nevzat Devranoglu and Ceyda Caglayan; Editing by Jonathan Spicer, Ece Toksabay, William Maclean)
(([email protected]; +90-212-350 7053; Reuters Messaging: [email protected]))
pietro17elettra
Nonno pensionato
UPDATE 1-Turkish lira firm as minister sees inflation peaking 14/01/2022 11:06 - RSF
* Minister sees price pressures easing in the summer
* Turks' earnings eroded, analysts see inflation hitting 50%
* Central bank survey sees end-2022 inflation near 30%
* Policy rate has been slashed by 500 points since September
(Adds details on inflation, BBC staff strike)
By Daren Butler and Ece Toksabay
ISTANBUL, Jan 14 (Reuters) - The lira held firm on Friday after Turkey's finance minister was cited as saying inflation would peak in January and hit single digits by June 2023 elections, but a key survey showed inflation would still be around 30% at the end of this year.
The lira gained 0.3% to 13.58 to the dollar by 0925 GMT. It weakened 44% last year, with a currency crisis halted last month after currency interventions and a government scheme to protect lira deposits from forex depreciation.
Minister Nureddin Nebati was quoted as telling Bloomberg in an interview that the lira facility had attracted 126 billion lira ($9.3 billion), of which 15% came from foreign currency accounts, with some 300,000 people participating in the scheme.
He said that work on increasing the capital of state banks will be completed before the end of the month. (news)
Driven by the lira plunge, inflation surged to a 19-year high of 36% in December, the highest under President Tayyip Erdogan's rule, and is seen reaching up to 50% in coming months.
But Nebati said it would ease as the summer approaches.
"Currently we are carrying the hump of December. In the summer, both with easing food prices and in terms of global inflation, we will be entering a period where the impact of both of these will lessen," he said, forecasting single-digit inflation by the time of elections scheduled for June 2023.
A central bank survey on Friday showed consumer price inflation was seen at 29.75% at end-2022. (news)
The lira crisis in November and December was sparked by the central bank's 500 basis points of rate cuts to 14% since September. It eased policy under pressure from Erdogan, who seeks higher growth by boosting production and exports.
BBC ISTANBUL STAFF STRIKE
The jump in living costs has eaten into household earnings, prompting government measures including a 50% rise to 4,250 lira ($275.44) in the monthly minimum wage for 2022 to offset strains. (news)
Last month Turks began queuing to buy cheap bread from the Istanbul municipality, while the costs of electricity, natural gas and fuel have all jumped. (news)
With unions pushing for wage hikes, 12 staff at the BBC Istanbul bureau went on strike on Friday after collective bargaining talks with the broadcaster reached no deal.
The Turkey Journalists' Union said the BBC's final offer of a 20% pay increase did "not sufficiently address the meltdown in the staff's wages," which are paid in lira.
A BBC spokesperson said it understood staff concerns and had implemented a pay increase and made an additional benefits offer, with "mechanisms in place to support staff financially during sustained volatility".
The erosion of Turks' earnings has been felt in particular among working and lower middle class Turks, who form the electoral base of Erdogan's ruling AK Party (AKP).
Recent opinion polls show more Turks now believe an opposition alliance is better suited than Erdogan and the AKP to end the economic turmoil. (news)
($1 = 13.4864 liras)
(Additional reporting by Nevzat Devranoglu, Ali Kucukgocmen and Gdansk newsroom; Editing by Jonathan Spicer, William Maclean)
(([email protected]; +90-212-350 7053; Reuters Messaging: [email protected]))
* Minister sees price pressures easing in the summer
* Turks' earnings eroded, analysts see inflation hitting 50%
* Central bank survey sees end-2022 inflation near 30%
* Policy rate has been slashed by 500 points since September
(Adds details on inflation, BBC staff strike)
By Daren Butler and Ece Toksabay
ISTANBUL, Jan 14 (Reuters) - The lira held firm on Friday after Turkey's finance minister was cited as saying inflation would peak in January and hit single digits by June 2023 elections, but a key survey showed inflation would still be around 30% at the end of this year.
The lira gained 0.3% to 13.58 to the dollar by 0925 GMT. It weakened 44% last year, with a currency crisis halted last month after currency interventions and a government scheme to protect lira deposits from forex depreciation.
Minister Nureddin Nebati was quoted as telling Bloomberg in an interview that the lira facility had attracted 126 billion lira ($9.3 billion), of which 15% came from foreign currency accounts, with some 300,000 people participating in the scheme.
He said that work on increasing the capital of state banks will be completed before the end of the month. (news)
Driven by the lira plunge, inflation surged to a 19-year high of 36% in December, the highest under President Tayyip Erdogan's rule, and is seen reaching up to 50% in coming months.
But Nebati said it would ease as the summer approaches.
"Currently we are carrying the hump of December. In the summer, both with easing food prices and in terms of global inflation, we will be entering a period where the impact of both of these will lessen," he said, forecasting single-digit inflation by the time of elections scheduled for June 2023.
A central bank survey on Friday showed consumer price inflation was seen at 29.75% at end-2022. (news)
The lira crisis in November and December was sparked by the central bank's 500 basis points of rate cuts to 14% since September. It eased policy under pressure from Erdogan, who seeks higher growth by boosting production and exports.
BBC ISTANBUL STAFF STRIKE
The jump in living costs has eaten into household earnings, prompting government measures including a 50% rise to 4,250 lira ($275.44) in the monthly minimum wage for 2022 to offset strains. (news)
Last month Turks began queuing to buy cheap bread from the Istanbul municipality, while the costs of electricity, natural gas and fuel have all jumped. (news)
With unions pushing for wage hikes, 12 staff at the BBC Istanbul bureau went on strike on Friday after collective bargaining talks with the broadcaster reached no deal.
The Turkey Journalists' Union said the BBC's final offer of a 20% pay increase did "not sufficiently address the meltdown in the staff's wages," which are paid in lira.
A BBC spokesperson said it understood staff concerns and had implemented a pay increase and made an additional benefits offer, with "mechanisms in place to support staff financially during sustained volatility".
The erosion of Turks' earnings has been felt in particular among working and lower middle class Turks, who form the electoral base of Erdogan's ruling AK Party (AKP).
Recent opinion polls show more Turks now believe an opposition alliance is better suited than Erdogan and the AKP to end the economic turmoil. (news)
($1 = 13.4864 liras)
(Additional reporting by Nevzat Devranoglu, Ali Kucukgocmen and Gdansk newsroom; Editing by Jonathan Spicer, William Maclean)
(([email protected]; +90-212-350 7053; Reuters Messaging: [email protected]))
pietro17elettra
Nonno pensionato
UPDATE 1-Turkey, Armenia hold first talks on normalising ties in years 14/01/2022 13:56 - RSF
(Updates with meeting ending, Turkish, Armenian statements)
By Tuvan Gumrukcu and Gabrielle Tétrault-Farber
ANKARA/MOSCOW, Jan 14 (Reuters) - Turkey and Armenia on Friday said a first round of talks in more than ten years was "positive and constructive," raising the prospect that ties could be restored and borders reopened after decades of animosity.
Turkey has had no diplomatic or commercial ties with its eastern neighbour since the 1990s. The talks in Moscow were the first attempt to restore links since a 2009 peace accord. That deal was never ratified and relations have remained tense.
(news)
The Turkish and Armenian foreign ministries said on Friday the talks were held in a "positive and constructive" atmosphere, adding both sides were committed to a full normalisation without any pre-conditions. They said special envoys had "exchanged their preliminary views regarding the normalisation process".
The neighbours are at odds over several issues, primarily the 1.5 million people Armenia says were killed in 1915.
Armenia says the 1915 killings constitute a genocide, a position supported by the United States and some others. Turkey accepts that many Armenians living in the Ottoman Empire were killed in clashes with Ottoman forces during World War One, but contests the figures and denies killings were systematic or constitute genocide.
Tensions again flared during a 2020 war over the Nagorno-Karabakh territory. Turkey accused ethnic Armenian forces of occupying land belonging to Azerbaijan. Turkey has since called for a rapprochement, as it seeks greater influence in the region.
In separate but similarly worded statements, the foreign ministries said a date and location for the next round of talks would be finalised later.
Turkish diplomatic sources said the discussions between the delegations lasted for about 1.5 hours.
Russia's TASS news agency cited Armenia's foreign ministry as saying on Thursday it expected the talks to lead to the establishment of diplomatic relations and opening of frontiers closed since 1993.
Thomas de Waal, a senior fellow with Carnegie Europe, said in November opening borders and renovating railways to Turkey would have economic benefits for Armenia, as the routes could be used by traders from Turkey, Russia, Armenia, Iran and Azerbaijan.
Turkish Foreign Minister Mevlut Cavusoglu said last year the two countries would also start charter flights between Istanbul and Armenia's capital Yerevan under the rapprochement, but that Turkey would coordinate all steps with Azerbaijan.
The flights are set to begin in early February. (news)
Turkey's President Tayyip Erdogan said on Thursday Armenia needed to form good ties with Azerbaijan for the normalisation effort to yield results.
NO EASY BREAKTHROUGH
Despite strong backing for normalisation from the United States, which hosts a large Armenian diaspora and angered Turkey last year by calling the 1915 killings a genocide, analysts have said the talks would be complicated.
Emre Peker, a London-based director at Eurasia Group, said a cautious approach focusing on quick deliverables was expected on both sides due to the old sensitivities, adding the role of Russia, which brokered the Nagorno-Karabakh ceasefire and is the dominant actor in the region, would be key.
Cavusoglu has also said Russia contributed to the process of appointing the special envoys.
"The bigger challenge will come from the question of historic reconciliation," Peker said, adding that the fate of talks would depend on "Ankara's recognition that it must right-size its ambitions."
(Reporting by Tuvan Gumrukcu in Ankara and Gabrielle Tetrault-Farber in Moscow; Editing by Robert Birsel and Frank Jack Daniel)
(([email protected]; +90 312 292 7021; @tuvangumrukcu; Reuters Messaging: [email protected]))
(Updates with meeting ending, Turkish, Armenian statements)
By Tuvan Gumrukcu and Gabrielle Tétrault-Farber
ANKARA/MOSCOW, Jan 14 (Reuters) - Turkey and Armenia on Friday said a first round of talks in more than ten years was "positive and constructive," raising the prospect that ties could be restored and borders reopened after decades of animosity.
Turkey has had no diplomatic or commercial ties with its eastern neighbour since the 1990s. The talks in Moscow were the first attempt to restore links since a 2009 peace accord. That deal was never ratified and relations have remained tense.
(news)
The Turkish and Armenian foreign ministries said on Friday the talks were held in a "positive and constructive" atmosphere, adding both sides were committed to a full normalisation without any pre-conditions. They said special envoys had "exchanged their preliminary views regarding the normalisation process".
The neighbours are at odds over several issues, primarily the 1.5 million people Armenia says were killed in 1915.
Armenia says the 1915 killings constitute a genocide, a position supported by the United States and some others. Turkey accepts that many Armenians living in the Ottoman Empire were killed in clashes with Ottoman forces during World War One, but contests the figures and denies killings were systematic or constitute genocide.
Tensions again flared during a 2020 war over the Nagorno-Karabakh territory. Turkey accused ethnic Armenian forces of occupying land belonging to Azerbaijan. Turkey has since called for a rapprochement, as it seeks greater influence in the region.
In separate but similarly worded statements, the foreign ministries said a date and location for the next round of talks would be finalised later.
Turkish diplomatic sources said the discussions between the delegations lasted for about 1.5 hours.
Russia's TASS news agency cited Armenia's foreign ministry as saying on Thursday it expected the talks to lead to the establishment of diplomatic relations and opening of frontiers closed since 1993.
Thomas de Waal, a senior fellow with Carnegie Europe, said in November opening borders and renovating railways to Turkey would have economic benefits for Armenia, as the routes could be used by traders from Turkey, Russia, Armenia, Iran and Azerbaijan.
Turkish Foreign Minister Mevlut Cavusoglu said last year the two countries would also start charter flights between Istanbul and Armenia's capital Yerevan under the rapprochement, but that Turkey would coordinate all steps with Azerbaijan.
The flights are set to begin in early February. (news)
Turkey's President Tayyip Erdogan said on Thursday Armenia needed to form good ties with Azerbaijan for the normalisation effort to yield results.
NO EASY BREAKTHROUGH
Despite strong backing for normalisation from the United States, which hosts a large Armenian diaspora and angered Turkey last year by calling the 1915 killings a genocide, analysts have said the talks would be complicated.
Emre Peker, a London-based director at Eurasia Group, said a cautious approach focusing on quick deliverables was expected on both sides due to the old sensitivities, adding the role of Russia, which brokered the Nagorno-Karabakh ceasefire and is the dominant actor in the region, would be key.
Cavusoglu has also said Russia contributed to the process of appointing the special envoys.
"The bigger challenge will come from the question of historic reconciliation," Peker said, adding that the fate of talks would depend on "Ankara's recognition that it must right-size its ambitions."
(Reporting by Tuvan Gumrukcu in Ankara and Gabrielle Tetrault-Farber in Moscow; Editing by Robert Birsel and Frank Jack Daniel)
(([email protected]; +90 312 292 7021; @tuvangumrukcu; Reuters Messaging: [email protected]))
maratoneta
Forumer attivo
Precisando che ho un pacco significativo di TRY, temo proprio quello. Non dimentichiamoci che il Sultano si è inventato un golpe per liberarsi degli oppositori, veri o presunti.
tommy271
Forumer storico
Si vociferava di un anticipo ... più passa il tempo e diventa più improbabile una risalita nei sondaggi per Erdogan.
Lui lo sa.
Potrebbe preparare qualche suo colpetto a sorpresa (come è stato fatto un paio di settimane fa sui cambi).
m.m.f
Forumer storico
...si.Erdogan qualche sorpresina al momento giusto la tira sempre o quasi fuori ... citavi i paesi del nord Africa ieri l'alltro evidenziando situazioni assai tese e,ovvero miccia pronta a prendere fuoco. Stavo seguendo da un po l'Egitto ...a vedere gli spread non mi sembra sia messo benissimo,forse nemmeno malissimo a dire il vero,ma ho preso l'abitudione invece dei prezzi di guardare i cds a 5 anni e ,sono a livello o forse oltre i Turchi...che bassi non sono .