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The Price Of Dream: How Expensive is Life in Turkey - Coggle Diagram

- - - - Did you know prices in Turkey jumped so much in 2024 that even everyday groceries felt like luxury items?
        
        Imagine you rent doubling in just a couple of years, that's what is happening in Turkey.
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        Property prices, especially in major cities like Istanbul, Ankara, and Izmir have surged significantly.
        
        Bank charge higher interest on loans, so it is harder to borrow money to buy a house.
        
        There is also rising in utility bills such as electricity, and water have gone up substantially, putting additional pressure on household budget.
        
        Conclusion
        
        Therefore, unless action is taken citizens will continue to live in financial discomfort and have no opportunity to live with ease.
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        Increased energy prices, taxes on small and medium-sized enterprises, and wholesaler price increases also contribute to higher restaurant costs.
        
        Turkey has experienced periods of high inflation, leading to increased prices across various sectors, including food.
        
        As a major tourist destination, Istanbul and other popular areas see increased demand, which can lead to higher prices, especially in tourist-oriented estabishments.
        
        Conclusion
        
        In short, for travelers and locals alike, understanding market and food prices in Turkey is essential for budgeting and planning.
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        Turkey's heavy reliance on imported components for vehicles, maintenance equipment and even fuel that makes these inputs more expensive in local currency term
        
        In sprawling metropolises like Istanbul, people often has long commutes. This often requires using multiple modes of transport such as bus, taxi and more. Each transfer can add to the total cost.
        
        While a single-ride ticket might seem relatively inexpensive, the cumulative cost of daily commutes, especially for those who solely rely on public transport, can be very high.
        
        Conclusion
        
        To sum up, public transport in Turkey are expensive because of the inflation, impacting fuel and operational cost.