Real estate rents in Turkey expected to rise sharply

Rising living costs and rapid inflation continue to put pressure on rents. Ridvan Akgun, president of the Izmir Real Estate Club, has raised serious concerns, predicting a 50% increase in rents in the first half of 2025.Having started the year with a 25% increase, rents could rise by 50% in the first half of next year, ANKA News reported.

Akgun noted that many people face difficulties in finding affordable housing. He stressed that the construction industry is facing serious challenges: "Some contractors can no longer build houses. High costs have reduced the available supply, leading to price hikes. Analysts stress the need for urgent action for tenants looking for a home, especially during the winter months when the housing market is usually characterised by rare stability.