The new head of Turkey’s central bank said she has been priced out of Istanbul’s property market by rampant inflation, leaving no choice for the former finance executive but to move back in with her parents.
“We haven’t found a home in Istanbul. It’s terribly expensive. We’ve moved in with my parents,” 44-year-old Hafize Gaye Erkan, who took up her post in June after two decades in the United States, told the Hurriyet newspaper.