Property Rights Index in Turkey compared to Europe
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Turkey: Property rights index
A subcomponent of the Index of Economic Freedom, the property rights index measures the degree to which a countrys laws protect private property rights, and the degree to which its government enforces those laws.
Higher scores are more desirable, i.e. property rights are better protected. Scores are from 0 to 100.
The index also assesses the likelihood that private property will be expropriated and analyzes the independence of the judiciary, the existence of corruption within the judiciary, and the ability of individuals and businesses to enforce contracts.
The Global Property Guide considers protection of property rights as a significant factor affecting the desirability of a residential real estate investment.
Turkey does not publish official house price or rents time-series. The best source for house price statistics is REIDIN, which has a monthly composite house sales price index starting June 2007. General economics statistics for Turkey come from the Turkish Central Bank, State Planning Organization, and Turkish Treasury.