Rent growth slows to lowest level in 58 months
Gülistan Alagöz-ISTANBUL
The pace of rent increases in Türkiye slowed to its lowest level in 58 months in June, signaling a period of stabilization in the housing rental market after years of sharp growth, according to data from the Central Bank.
Annual rent inflation for newly leased homes stood at 29.21 percent in June, marking the weakest increase in nearly five years. In real terms, rents declined by 2.2 percent compared with a year earlier.
While monthly rents increased by 2.3 percent in June, the rise was largely attributed to seasonal factors.
