The increase in housing prices was experienced mostly in Turkey. According to a report, Turkey ranked first among 56 countries with a huge increase of 132.8 percent. It was stated that this striking rise took place especially in big cities such as Ankara, Izmir and Istanbul.
Knight Frank, a UK-based consultancy company, has published the “Global House Price Index” report covering 56 countries and regions. According to the report, the biggest increase in housing prices in the first quarter of 2023 was realized in Turkey.
In the first quarter of 2023, house prices in Turkey increased by 132.8 percent compared to the same period of the previous year. It increased. With this ratio, Turkey was the country with the highest increase in housing prices.
Price Increase in Big Cities
İstanbul, Ankara and İzmir are at the first three biggest cities of Turkey. The report also analyzed price changes within the city. According to this analysis, Turkey's three largest cities stand out with significant increases in housing prices.
Housing prices in Ankara increased by 135.3 percent. While İzmir took the second place with an increase of 133 percent, Istanbul took the third place with an increase of 127.3 percent. draws attention both nationally and internationally. This rise, especially in big cities, affects the dynamics of the housing market. However, when the upward trend in housing prices continues, this may increase the financial burden of individuals and families who aim to own a home. Experts emphasize the importance of taking careful steps in this regard and considering economic risks.
