content tagged with housing prices

Thirteen people killed in landlord tenant disputes in a year in Turkey, says MP

Thirteen people killed in landlord tenant disputes in a year in Turkey, says MP

The housing crisis is undermining social harmony, a CHP deputy has warned.

Turkey's Central Bank governor reveals living with mother due to exorbitant rental prices in İstanbul

Turkey's Central Bank governor reveals living with mother due to exorbitant rental prices in İstanbul

Gaye Erkan's statement was met with skepticism, with many questioning how she claims inability to afford a rental home in İstanbul despite her substantial Central Bank governor salary and a lucrative career in finance in the US.

16 December 2023 Volga Kuşçuoğlu

Volga Kuşçuoğlu

Turkey's housing crisis: Citizens faced with landlord violence amid government inaction

Turkey's housing crisis: Citizens faced with landlord violence amid government inaction

To address the soaring rent prices, the parliament introduced a rent increase cap of 25% in June 2022. The law aimed to protect tenants but inadvertently created disparities between long-standing tenants and new renters.

11 December 2023 Volga Kuşçuoğlu

Turkey tops global ranking of housing price inflation in Q1 2023

Turkey tops global ranking of housing price inflation in Q1 2023

The three largest cities of the country stood out as the cities with the most significant spikes in housing prices.

Turkey maintains rent increase cap, housing sales decline amid exorbitant prices

Turkey maintains rent increase cap, housing sales decline amid exorbitant prices

Despite the cap, the rents doubled in the country on average. Eviction cases also soared, with property owners seeking new tenants to avoid the cap.

Turkey considering prison sentence to tackle excessive rent increases, says minister

Turkey considering prison sentence to tackle excessive rent increases, says minister

President Erdoğan had promised to solve the problem after the May elections.

Average rent price in İstanbul exceeds minimum wage

Average rent price in İstanbul exceeds minimum wage

Flat sharing is becoming more popular among the working population as living costs in the city continue to increase.

Increase in housing prices hit a new record-high in Turkey in December

Increase in housing prices hit a new record-high in Turkey in December

The prices of new houses increased by 66.6 percent when compared to last December, according to the Central Bank. The prices of the houses that were not new also saw a 57.7-percent annual increase in December 2021.

16 February 2022

20 state dormitories closed in Turkey in a year

HOUSING PROBLEM AT UNIVERSITIES

20 state dormitories closed in Turkey in a year

Amid university students’ protests for affordable housing, the Social Democracy Foundation Youth Organization (SODEV Youth) has released a report on state dormitories in Turkey: “There are 32 students per bed in İstanbul and 11 in Ankara.”

28 September 2021

HDP demands parliamentary inquiry into excessive increase in housing prices

HDP demands parliamentary inquiry into excessive increase in housing prices

Turkey is the country with the highest increase in housing prices in Europe, according to Eurostat data, the MPs have noted.

14 September 2021