House price to salary ratio: Turkey 10 Russia 14 China 28 Iran 19 Syria 115 Argentina 17 – i think in these countries there’s no reliable stock market so people would invest in immovable properties

House price in city: Istanbul $3000/m2 NYC $18K/m2 Berlin $9K/m2 Paris $13K/m2 London $20K/m2 Even Baghdad is $3K/m2

Yes huge amount of locals left or leaving but Istanbul was the most visited city in the world in 2023 and the govt imported a ton of foreigners. And its CBI program is the most successful one in the world

PS. Can you ask this question in relevant subs of reddit? I don’t have an account there. Thanks

  • Omega
    6•2 days ago

    enflasyon ile düşük maaşlar nedeni ile bizim kiralar uluslararası alternatiflerle karşılaştığında düşük görünüyor ama ekonomik durumumuz yüzünden hala alınması zor, bu arada Türkiye ekonominin büyük bir kısmı genellikle inşaat sektörüne dayanıyor ve bu da, tekrar olarak, uluslararası alternatiflerle karşılaştığında daha ucuz görünüyor

    • MaggiWuerze
      12•2 days ago

      Due to inflation and low wages our rents seem low compared to international alternatives but it is still difficult to afford because of our economic situation, meanwhile a large part of the Turkish economy is generally based on the construction sector and this, again, seems cheaper compared to international alternatives

      TTFY

    • @amksenin@lemmy.worldOP
      2•2 days ago

      Who is talking about rent ?

      Are you able to see the content of my post ? It starts with “House price to salary” and it ends with “Thanks”

        • @amksenin@lemmy.worldOP
          1•2 days ago

          I don’t understand what you’re saying.

          You’re saying prices seem cheap but they’re not cheap? Facts (data) disagree with you.

          You’re saying too much supply?