By the beginning of 2022, prices for rental housing have already increased by 99%, for housing for sale – up to 50% and more. As you can see, the market’s expectations of a slight decrease in prices in November-December did not come true: rates are growing at a record speed. Well, the highest rate this winter was again taken by megacities.

At the end of 2021, Istanbul turned out to be the most expensive: + 75% of the prices of residential real estate for sale. Antalya is in second place with +58%, and Izmir is in third with +56%.

In November alone, prices rose by 15% compared to October in Istanbul, 12% in Izmir and Antalya, and 11% in Ankara.

Rental housing has risen in price in Istanbul by 150% over the year, in Izmir and Antalya – by 100%, in Ankara – by 77% (which, taking into account rental rates in other cities, averaged 99%).

This year, not only rental rates and prices for the purchase of apartments and houses will increase: a new – increased – real estate tax rate has already been announced. And it is also expected to increase the amount of aidat (monthly real estate costs)