Economic and Social Research Center

Authorities are working on the establishment of special real estate investment funds that will increase home supply and help reduce property prices, Treasury and Finance Minister Mehmet Şimşek has said.

In real terms, adjusted for inflation, average rent prices declined by 8 percent in March compared with the same month of 2023, according to a report from Istanbul-based Bahçeşehir University's Economic and Social Research Center (BETAM).

In real terms, adjusted to inflation, rent and home prices declined in February compared to January across Türkiye and the country's three largest cities, according to a report from Istanbul-based Bahçeşehir University's Economic and Social Research Center (BETAM).

Finding an affordable housing in Istanbul is becoming increasingly difficult for low- and medium-income groups with rent prices in the city rising fast.

A recent survey found that the average rent price of a 100 square meter house in Istanbul climbed to 16,000 Turkish Liras ($589).

The pace of growth in the annual increase in rental house prices has slowed from 117 percent to 101 percent across Türkiye, according to a study by Istanbul-based Bahçeşehir University's Economic and Social Research Center (BETAM).

The number of advertisements placed to sell second-hand houses in the market has been on an upward trend.

Potential homebuyers are increasingly turning to the second-hand market as prices of new houses have risen significantly due to the demand picking up.