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

  • MaggiWuerze@feddit.org
    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