The real estate price index in Turkey decreased in April by 3.6% in real terms compared to April 2024. These are the Central Bank's data. In nominal terms, an annual growth of 32.9% was recorded.
The rate of decline in housing prices in real terms slowed down compared to March, when it reached 4.2%.
According to the TÜK Statistical Institute, home sales increased by 56.6% year-on-year in April. Most experts attribute the high demand in the market to higher rental prices. According to industry representatives, people prefer to buy a home using their savings and taking out loans from banks instead of paying high rents.Mortgage sales of real estate increased by 147% compared to April last year.Potential buyers are now acting as if they expect prices for apartments and houses to start rising again.
Source: Hurriyet Daily News
