Peak and Trough in Rent Increase: Which Provinces Stand Out?

Sahibinden.com and Bahçeşehir University Economic and Social Research Center (BETAM) collaborated to prepare the "sahibindex Rental and Sale Real Estate Market Overview" report, which reveals important data regarding rental increase rates for the month of October. This report serves as a highly significant resource in terms of demonstrating the dynamics of the rental market across Turkey and highlighting which cities stand out.

In October 2023, among the cities with the highest rental increases are İstanbul, Ankara, and İzmir. The data indicates that rents have significantly risen in Turkey's major cities, particularly in locations where there is high demand for housing, with increases becoming more pronounced. On the other hand, the cities where the lowest rental increase is observed are noteworthy; these cities offer more advantageous conditions for tenants.

According to the report, in İstanbul, where rental increase rates have peaked, rents have risen by XX% compared to the same period last year. Similar increases are also observed in other major cities like Ankara and İzmir. This situation is seen as a reflection of the economic winds affecting housing searches and rental conditions in Turkey.

Particularly in large metropolises like İstanbul, the social life, job opportunities, and ease of transportation play a significant role in the rising rental prices. Citizens' search for affordable housing can lead not only to rental increases but also to some imbalances in the housing market. In this period of greater challenges for tenants, the fact that rents in smaller cities remain at more reasonable levels causes tenants to seek alternative solutions.

On the other hand, the October report highlights sahibindex, which is continuously updated to better understand the effects of fluctuations in the housing market with its extensive data pool. In addition to rental and sales data, analyses related to market expectations and consumer behaviors are also included in the scope of this report. Thus, sector professionals and potential tenants have a roadmap to better comprehend market dynamics.

In conclusion, the October rental increase report represents a significant turning point in Turkey's housing market. With rising rents, the obligations and rights of tenants are likely to become a more discussed topic. In this process, it is crucial for informed individuals to benefit from regularly updated data to make better decisions.