Abdi Ipekci remains most expensive shopping avenue in Istanbul
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There was an added urgency to a call made earlier this year by Turkey’s Erdogan administration for women to have at least three children to expand the population, and no wonder—data sets show the country’s fertility rate continues to crash to a level not seen in more than 65 years.
Turkey’s longstanding economic crisis, with huge cost-of-living pressures, is one daunting put-off to many Turks thinking of trying for a big family.
President Recep Tayyip Erdogan in January announced financial incentives as he launched Turkey’s “Year of the Family.” Interest-free loans are available for first marriages, while there are new childbirth support packages
Erdogan, also underlining concern about the growing divorce rate in the country, said that Turkey’s annual population growth rate fell from 2.53% in 2015 to just 0.23% in 2024.
“If we do not take the necessary measures, the problem will reach irreparable proportions,” he warned.
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Abdi Ipekci remains most expensive shopping avenue in Istanbul
Monthly prime rent on luxury retail street $250 per square metre.
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