[68026] Crisis in the Turkish Housing Market: Real Decline in Property Value Alongside a Rise in the Price Index

Opposing Trends in the Turkish Real Estate Market

The Turkish real estate market presents complex data that is raising concerns among both investors and tenants, according to reports from May 20, 2026. While nominal housing prices are on an upward trend, economic analyses point to opposite trends depending on the perspective being examined.

Borsa Haber Hisse, a channel focused on the stock exchange and financial markets, emphasizes that "housing continues to lose in real terms". According to the channel, data for the month of April shows that the rise in housing prices is significantly lower than inflation rates, both in monthly and annual calculations, which indicates an erosion in investment value for property owners.

On the other hand, TGRT HABER, a general news channel, presents the picture from the tenants' point of view and reports that the "housing price index has risen". For the general public, the rise in the index constitutes "bad news for tenants," as it may lead to upward adjustments in rental prices, even if, in real terms, the properties are losing value as the financial channel claims.

The gap between the reports stems from the difference between nominal price and real value, considering the high inflationary environment. While stock market investors focus on the erosion of profitability, end consumers are dealing with rising costs that directly affect the cost of living.