Housing crisis hits Turkey, rents soar
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The housing crisis in Turkey has deepened to the point that many can no longer afford to pay rent, as housing rent has increased two-fold compared to last year, especially in Istanbul. READ MORE: rudaw.net/english/middleeast/turkey/08072023 | Rudaw English | Facebook
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Istanbul housing rental prices continue to rise After the 25% rent control ends in June 2024, the CPI is announced to be 66%, which means that for tenants who renew their contracts, landlords can increase rents at this rate. These provide important opportunities for investors who have already purchased houses in Istanbul, especially the shortened depreciation period and the fact that rental returns are higher than inflation making Turkish real estate investment more attractive. #citizenship #inv
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