Time to Buy a Home Rises Fourfold in Turkey

Quick summary

Turkish workers now need four times longer to purchase a home with their own money, following the government's dismantling of the social welfare system. The study warns that the middle class is rapidly losing its home ownership capacity against mounting pressure from rising rents and subscription costs.

Why it matters

If you are a worker in Turkey or planning to live there, buying a home has become more out of reach than ever—money you would have saved for property ownership now goes toward rent and monthly service fees. This shift reflects the financial instability of families and is reshaping the class structure of society through a transfer of wealth from individuals to rental and service companies.

Key takeaways

• ›The time for an average Turkish worker to buy a home with their own money has quadrupled, according to a new study cited by Cumhuriyet.
• ›Analysts link the surge to policies that dismantled the social welfare system previously viewed as a strategic asset in the post-Cold War order.
• ›The study flags the rise of subscription and rental-based economic models as an accelerating threat to middle-class property ownership in Turkey.