The problem of housing in Türkiye has become increasingly deepened. While the number of tenants reaches 24 million; This shows that a significant portion of the country’s population is no longer dependent on rental houses, not to its own home. In the last 10 -year period, housing prices are 18 floors and rents increase 12 times, while the problem of housing is folded especially in big cities of narrow and medium -income segments. On the other hand, a total of 6.9 million houses were built throughout Türkiye between 2015-2024, while only 5.3 million houses were sold. The remaining 1.6 million houses were recorded as the remaining stock. Experts say that this imbalance in the housing market affects the metropolitan cities the most, especially in metropolises such as Istanbul, Ankara, Izmir, the crisis of the housing is now a structural problem. As the main reasons for this; The exorbitant increase in construction costs, the increase in interest rates, the inaccessibility of housing loans, high inflation and speculative investment behaviors are shown.
‘Cost Inflation’ Problem
Hakan Akçam, Chairman of all Real Estate Consultants Association, pointed out that housing prices and rents are far above the OECD average and said: “In 2015, the price of a house that can be purchased for 500 thousand TL has reached 9.5 million TL when we arrived at 2025. In the same way, rents increased 12 times in 10 years, deepened the housing crisis, especially in the metropolitan cities.”
2026 will be wavy
Akçam, who listed what needs to be balanced in the housing market, made the following suggestions: “Increasing social housing projects, ensuring that the low -income segment is a host, reducing interest rates, encouraging housing intake with loans, preventing investors from dominating the market, Houses should reach the real needyr. Expectation for the year 2025 is that housing prices will not make big jumps, but more significant movements can be seen in 2026. “
Investment instrument
Real Estate Appraisal Specialist Serkan Bal; Increasing housing prices and rents is not only cost -from; He also stated that the house is also due to the use of the protection against investment and inflation, beyond being a housing tool. Bal, “In this process, economic crises, high inflation, pandemia, earthquakes and interest policies, such as many dynamic breaks took place. All these fluctuations weakened the demand for accessible housing and rapidly increased the rental rate.“he said.
Istanbul is the cost of fire!
Housing in Turkey, the average unit sales price approaches 35 thousand TL levels, adding that Bal, said: “In Istanbul, this figure has increased up to 59 thousand 200 TL. The average price of rent in the country is sitting on the band of 230 TL. Bremote working models that will encourage the orientation from members to Anatolia should be implemented. “
Access is very difficult
“This situation is also a serious problem. This situation reflects not only the excess of supply, but also the wrong location choices, price-segment mismatch and contraction in access to financing. Although there is technical demand in the market, access to the housing has become very difficult for the middle and lower income group.”
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