House prices in Turkey rose by nearly 30%. Why is the local house price rising so high?

As the relevant agencies announce the trend of housing prices in many countries, people will know that the price increase in Turkey is as high as 29.2%. Compared with the housing prices in some countries, the housing prices in Turkey have increased by as much as 30%, which triggered a heated discussion among netizens.

The reason why housing prices in Turkey have grown so fast is that on the one hand, inflation has led to rising prices in many countries, and on the other hand, residents of many countries have bought houses in Turkey.

The first reason: the price level in Turkey has become higher. As we all know, the development of any country is different, but the price level of many countries will be affected by the price level of other countries. When the price level of other countries is getting higher and higher, in order to narrow the price gap with other countries, most countries will definitely adopt the way of raising prices. In addition, the price level in Turkey has become higher and the cost of living has become higher and higher. At the same time, the rise in housing prices in Turkey is closely related to inflation. When house prices rise, the unit price of houses will also show an upward trend.

The second reason: more and more residents are buying real estate in Turkey. If the house price in a certain country is particularly low, residents in some countries will buy a lot of real estate there. This will make local houses in short supply, and the direct result of short supply is the rise of house prices. With the increasing scale of real estate investment in Turkey, residents of many countries will choose to buy real estate in Turkey, which will inevitably lead relevant departments to raise local housing prices.

Generally speaking, different countries have different housing prices. Any reason may lead to the rise of housing prices in a certain area, but we should treat the rise of housing prices more rationally. If young people can't buy a house, they can choose to rent a house.