Türkiye home prices extend real decline as high rates weigh on market

Türkiye's housing market is seeing a persistent drop in real home prices despite an uptick in sales, driven by the country's high borrowing costs. This situation underscores the financial strain on potential buyers and the broader implications for the economy as consumers grapple with elevated interest rates. It suggests that while demand remains, the affordability crisis continues to deter significant price increases, pointing to a market that's still adjusting to economic shifts.