House price to salary ratio: Turkey 10 Russia 14 China 28 Iran 19 Syria 115 Argentina 17 – i think in these countries there’s no reliable stock market so people would invest in immovable properties
House price in city: Istanbul $3000/m2 NYC $18K/m2 Berlin $9K/m2 Paris $13K/m2 London $20K/m2 Even Baghdad is $3K/m2
Yes huge amount of locals left or leaving but Istanbul was the most visited city in the world in 2023 and the govt imported a ton of foreigners. And its CBI program is the most successful one in the world
PS. Can you ask this question in relevant subs of reddit? I don’t have an account there. Thanks
replace rent with purchase then
I don’t understand what you’re saying.
You’re saying prices seem cheap but they’re not cheap? Facts (data) disagree with you.
You’re saying too much supply?