Turkey Real Estate Market Analysis and Expectations for 2024
Overview of the 2023 Turkish Property Market
A notable rise in property prices has been noticed since early 2023, with an increase of 109%. By August 2023, the average price for a home in Turkey reached about $100,316. This is a sharp increase from the end of summer 2022, when the average was $81,510, and the annual price growth was even more rapid at 203%. This growth was one of the steepest increases ever recorded by Turkey's Central Bank.
Despite higher prices, the housing market in Turkey is expanding. During the first seven months of 2023, there were 1.6 milli...
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