Comparing the house price increases in Turkey with the house price increases in European countries as of 2015, İnan Mutlu revealed how it became impossible to buy a house with the graphs he shared. According to the graphics shared by Mutlu, the price of a house in Turkey, which was 1 million lira in 2015, reached 2.7 million lira by the end of 2021 and 15 million lira by the end of 2023.
The rapid increase in housing prices in Turkey, which rose rapidly with the start of interest rate cuts in 2021, compared to European countries, also attracted attention in the data of the Central Bank of the Republic of Turkey.
According to the housing price index data published by the Central Bank of the Republic of Turkey (CBRT) for February, housing prices increased by 58.31 percent this year compared to the previous year. In February, annual inflation in Turkey was recorded as 67.07 percent. Thus, the annual increase in house prices fell behind the annual inflation for the first time since December 2019.
The annual increase in house prices in February was recorded as the lowest annual increase since December 2021. The annual increase in housing prices reached a record level of 189.1 percent in September 2022. According to CBRT data, house prices increased by 2.2 percent in February compared to the previous month. When adjusted for inflation, the real decrease was recorded as 5.1 percent in February.
odatv.com
