sahibinden.com published the results of its housing price research for March. According to the research, the prices of apartments for sale and rent are decreasing. Moreover, the demand for housing has dropped significantly.
One of the most discussed topics in Turkey lately is the prices of houses for rent or sale. House prices, both for sale and for rent, all over the country are literally high case.
sahibinden.com shared the data of its latest report prepared in cooperation with Bahçeşehir University Economic and Social Research Center (BETAM). These data for March show that housing prices that you have been falling for 9 months revealed. Moreover, the demand for housing has started to decrease. Housing demand compared to the same period last year 23.5 percent fell.
The real housing price index across Türkiye is as follows:
According to the research, Türkiye-wide real housing price index, It peaked in June 2023. Prices, which have decreased since then, have now returned to the August 2022 level. However, the rate of decline in the index is relatively started to slow down.
Meanwhile; The situation in Turkey’s three largest cities is also not different from the rest of the country. While the real housing price index decreased by 1 point in Istanbul and 2.4 points in Ankara, it increased by only 0.2 points in Izmir.
Let’s talk about rental prices:
According to the research, adjusted for inflation real rental prices, has been declining for a long time. In fact, rental prices in March are 8 percent lower than in the same period of the previous year. However, now the demand for rental housing has increased. Researchers say the main reason for this is seasonal conditions They say it is.