Yield differential between Turkey and Russia to be maintained

We expect the differential which has opened up between initial yields in Turkey and Russia to be maintained for the next two years at least. A less severe downturn in the occupier market seems to have prevented sentiment towards commercial property in Turkey deteriorating as much as in Russia, while to us, the prospect of a sustained economic recovery looks a little better in Turkey.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.