Analysts of the Bank for International Settlements (BIS), of which the Central Bank of the Republic of Turkey is a member, have published the most up-to-date rating on the dynamics of housing prices, taking into account the data of 2022.
The situation in 58 countries was compared; and Turkey was again "on top", with an annual increase of 51%.
In fact, of the member states of the rating, housing has risen in price only in 14 countries out of less than six dozen; moreover, only in five prices have increased in the so-called "real terms" (disinflationary state; that is, adjusted for inflation and some related economic factors taken into account when calculating the actual dynamics). And in 43 states, prices have decreased.
Now by country: the BIS found that the most noticeable dynamics is in Turkey (the already mentioned 51%). Israel is in second place (11%), Iceland is in third (9.9%), Russia is in fourth (9.7%) and Serbia is in fifth (7%).
Macedonia barely "made it" to +%; at the same time, in Germany, for example, housing fell by 12.1% in real terms over the year, in Italy - by 8%.