Although it was announced that inflation has decreased, the increase in housing prices in the 1-year period was 132.8 percent.
Considering the folded rents as a result, its citizens are waiting for an even more difficult accommodation test.
PRICES INCREASED 127 PERCENT IN ISTANBUL
The Housing Price Index (KPI) for the period of March 2023 by the Central Bank of the Republic of Turkey increased by 5.4 percent in March compared to the previous month and became 809.3.
The Housing Price Index also increased by 132.8 percent on an annual basis in March.
Looking at the change in KPI for the three big cities, an increase of 4.7, 6.5 and 6.1 percent was observed in Istanbul, Ankara and Izmir, respectively, in March compared to the previous month.
Index values increased by 127.3 percent in Istanbul, 135.2 percent in Ankara and 133.4 percent in Izmir compared to the same month of the previous year.
THE RENTAL ISSUE TURNED INTO A SOCIAL PROBLEM
While the income of the working people, wage earners, workers, civil servants and retirees is increased only as much as the inflation rate, that is, according to the data of TUIK, the prices of the houses to be bought or rented increase several times in a year.
THE "25 PERCENT INCREASE LIMIT IN RENTS" COULDN'T BE A SOLUTION
Rental house prices, which have turned into a serious social problem especially in big cities, bring home owners and tenants face to face.
The "25 percent increase limit in rents" announced by the government, which is far from the reality of the market, has deepened the existing disputes, let alone resolved.
While the income of the people increases by 30-40 percent, the increase in prices by 150-200 percent exacerbates the problem.