Price increases accelerated again over one year in February 2024, to 67.1% compared to 64.9% in January. The economic policy put in place by the government after the May 2023 elections is slow to produce its effects.
In February, housing prices increased further, to +3.5% over one month. According to Istanbul City Hall, last year, sale prices rose by 84% on average, and rents by 75%. Oguz, a 33-year-old teacher, lives in the Kadiköy district, on the Asian side of Istanbul.