The rate of increase in the construction cost index for July 2021, announced by TURKSTAT, rose to 56.42 percent. The labor index increased by 21.18 percent on an annual basis. Due to material-based increases, the rate of increase in housing prices is expected to reach 100 percent in total this year.
While we hope that life conditions will get easier, it gets harder. When we say that life will get cheaper, what we really mean is the improvement of economic conditions, cheapening of our lives not. Economic difficulties, which have never been on the agenda of the authorities in recent years, but unfortunately never fell from the agenda of the public, are making itself felt more and more each day.
Rental prices, purchasing power, poverty line, new updates are coming to the difficult conditions. The rate of increase in the construction cost index for July 2021, announced by TURKSTAT, rose to 56.42 percent. The labor index increased by 21.18 percent on an annual basis. According to the housing manufacturers, housing prices have decreased this year due to material-induced increases. 100 percent will increase.
“The higher the increases, the higher the reflection”
Increases in the construction cost index; While it increased to 30 percent in January and over 40 percent in April, it reached 53.70 percent in June. With the increase rate reaching 56.42 percent in July, the increases in the construction cost index record broke.
Making a statement about the effects of the aforementioned increases on the housing sector, Istanbul Builders’ Association (IDER) Chairman of the Board Nazmi Durbakyim said that if the increases in the index are high, their reflections may be higher, and that the state should take measures against cement, concrete and iron prices and lower interest rate stated that it should.
Source :
https://www.birgun.net/haber/konut-fiyatlari-bu-yil-icinde-100-artacak-358555