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Rental increases in Turkey are not slowing down; real housing prices continue to fall
11 articles |
Updated 5h ago |
Created 7h ago
According to the Central Bank's inflation data, rents rose by 42% in March without slowing down; meanwhile, Turkey Housing Price Index (KFE) deflated and showed a real decline last month due to rental price increases that are not limited only Istanbul but also Ankara (%37), Izmir (%) etc
Key Points
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1The Central Bank of Turkey released February data indicating a real decline in housing prices.
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2Despite the drop in home values, rental rates continued to rise at an accelerated pace during January-February.
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3Housing price inflation reached exactly +1.8% for March 2024 according to official statistics.
Developments
[Mar 17]
Central Bank of Turkey released February data showing a real decline in housing prices while rental rates continued rising without slowing down (Gazeteoksijen, I12.haber7.net).
[Feb - March Report Periods Covered by Data]
Housing price inflation was recorded at +1.8% for the period ending in February 2024 (Karar). The data indicates a real decrease despite rising rents.