The latest report by BestBrokers.com ranked Turkey second to last in global housing affordability, revealing that an average family needs 631 months of salary—approximately 52.5 years—to afford a house. This ranking places Turkey just above Nepal, which is the least affordable at 684 months. In contrast, South Africa leads as the most affordable country, requiring only 71 months of salary for a 100-square-meter home, followed by the United States at 76 months (about 6 years). Within Europe, Denmark is the most accessible, requiring 114 months of net salary. While these statistics highlight significant challenges for local Turkish buyers, the market remains competitive for foreign investors due to government incentives and the opportunity for Turkish citizenship through real estate investment in strategic areas like Istanbul or Maslak. As global affordability trends shift, Turkey remains a key player in the international property market for those looking for high-value long-term investments.
Housing Affordability: Where Does Turkey Stand in the Global Ranking?
