Residential in Turkey property price Index (RPPI) of move North and rose 110% annually in Walk in My name, my pictures my appearance, in name only terms and official data showed.
The climb came ahead of a key meeting between government officials, who It is said to discuss rising rents in Country.
come boom against background of rising inflation that runs at 20-year Average of nearly 70% of April, paid rising Energy and commodity prices.
quality measure-adjusted price changes of homesthe index jumped 96.4% annually in February. The increase was 77.5%. in January and 59.7% in Dec. Approximately year Before, annual index rise It was 32%.
The RPPI for the month of March was up 29.7% in real terms on The year The central bank’s shares rose 13.5% from the previous month of Republic of Turkey (CBRT) said on Monday.
High prices and rents for her triggered alarm and government I pledged to work. President Recep Tayyip Erdogan earlier this month announced Several measures to address the height real Real estate prices as residents struggle To find a reasonable price homes for rent or buy.
Officials from the Ministry of Environment, Urbanization and Climate Change, the Ministry of Justice and the Ministry of Finance and Treasury are scheduled to meet later on Tuesday to discuss potential arrangements to address the rent hike.
in the largest country city Istanbul, home to about five of Turkey population of 85 million, the index climbed 122% on The year. Month-over-month data showed that it rose 9.8% month over month.
was the scale up 111.7% and 105.9% on on an annual basis in The capital, Ankara, and the Aegean province of Izmir. On a monthly basis, it is up 9.6% and 10.6%. in The two cities, respectively.
According to the Turkish Statistical Institute (TurkStat), average rents are starting to rise nationwide in December after sharp drop in Turkish lira – rose 19.7%. year-over-year in Walks.
Construction index rose 102% year-over-year in March, according to data from the Turkish Statistical Institute.
Despite high borrowing costs and high prices, it is residential property sales in Turkey rose nearly 40% year-over-year in According to the statistics, April bodyas families continue view real As an attractive investment tool for shield themselves from inflation.
Home sales rose 38.8% in April to 133,058 units, up From 95,863 A year A while ago, it hit an all-time monthly high for the month. I followed highest Figure March so far, as sales hit 134,170, 20.6% year-over-year a plus.
Sales from January to April were up 26.2% to 453,121 homes.
