Escape from Istanbul with the record breaking cost of housing and food

According to the international group Tasnim news agency, these days in Turkey, Everywhere you go, everyone is talking about inflation. Everything has become expensive. Especially transportation, food and medical expenses.

But in the meantime, it is the housing sector that has broken records in both sales and rentals. So that even in the outskirts of the city, the rent has multiplied several times.

Before this, Istanbul or the beautiful Constantinople between Asia and Europe, which was once the center of power of the Byzantine civilization, It attracted tourists from all over the world with its enchanting coastal views and cheap hotels and restaurants. But now, even the families who have been living in this beautiful city for decades are getting poorer year by year and are moving to the outskirts of the city to rent a cheaper apartment. Of course, a group of people who do not reach the result, go beyond the border and stay in the villages.

The report of the Cumhuriyet newspaper shows that the metropolis of 14 million people in Istanbul now has four big problems: 1. Unbearable increase in the cost of daily living. 2. Crisis in buying and renting housing. 3. Crisis in the education sector, especially due to the multifold increase in the cost of school services. 4. Traffic.

Salary 11 thousand, expenses 43 thousand!

The official report of “Istanbul Planning Agency” (İPA) shows that the cost of living in Istanbul has increased by 9.69% compared to the previous month and by 54.34% compared to December of the previous year.

The annual increase in the cost of living in Istanbul compared to August last year was 80.59%. In August, the average cost of living for a family of four in Istanbul is 42,593 lira! Meanwhile, the average cost of living in Istanbul in July was 38,828 liras.

At the beginning of this year, the average cost of living for a family of 4 in The limit was estimated at 29,500 liras, but now and before the end of the year, this figure has exceeded 43,000 liras, and this has not been seen in Turkey in the last three decades.

Erdogan’s order remained ineffective

in 2022 and at the height of the economic crisis , thousands of families were forced to leave Istanbul due to the sudden increase in housing rent. It was here that Erdogan’s government officially announced that no owner has the right to ask for more than a 25% increase to renew the lease. But many owners did not pay attention to this order, and the tenants who sought to impose their demands faced complaints and tension, and the number of complaints and troubles in this department troubled the courts.

Housing experts believe that there are many reasons for the sudden increase in housing rental rates in Istanbul, some of which are:

1. Unprecedented inflation and economic crisis in Turkey and the chronic weakening of the lira. Turkey against the dollar.

2. Increasing demand in the housing rental sector due to the migration of thousands of earthquake-affected families from Anatolian regions to Istanbul.

3. Increasing demand due to the accommodation of hundreds of thousands of displaced persons from Syria and other countries in Istanbul, as well as the sale of housing to foreigners who often bought property in Istanbul in order to obtain Turkish citizenship.

4. Weakness in the production and industry sector and the turning of speculators and undecided funds to the housing sector. But the situation of none of the other 80 provinces of Turkey is comparable to Istanbul.

In order to get a clear understanding of the depth of the disaster in Istanbul’s housing rental sector, these simple numbers and figures, Let’s take a look: millions of Turkish citizens receive a monthly salary called “minimum wage”, which is equivalent to the salary floor, and its amount has been increased several times, finally reaching 11,500 liras. But the average rent in the neighborhoods of Istanbul is as follows:

Lunet 68 thousand liras.

Kadikovi 31 thousand liras.

Beshiktash 38 thousand and 400 liras.

Average rent price in this metropolis: 17 thousand and 100 liras.

Even in a poor neighborhood like Bayram Pasha, the rent of one-bedroom and old apartments starts from 11,000 liras, while the average cost of electricity, gas and charging also starts from 3,000 liras and reaches higher rates.

Of course, all these prices are related to the localities and areas far from the sea and the streets and alleys close to the beach and the sea, with rents between 100 and 150 thousand liras in the list Ads are posted!

More than 2 million people left Istanbul

According to the data of the Turkish Statistics Institute (TUIK), the number of people migrating from Istanbul has been increasing since 2020. So that in the last 5 years, 2 million and 182 thousand people migrated from Istanbul to other cities.

Annual report (ECA International) that ranks the cost of living in different cities of the world. Kand announced that Istanbul is the city that broke the world record in 2023 and the cost of living increased the most in one year. Compared to last year, Istanbul has climbed 95 places in the list of expenses, which is a strange increase in expenses.

Steven Kilfeder, the director of this research center, announced that the Erdogan government, to justify the reasons The terrible increase in life in Istanbul points to two factors, the Russian attack on Ukraine and the earthquake in Anatolia, but according to the experts of this collection, the government’s economic policies from the Justice and Development Party and rising inflation are the main reasons for the increase in prices. Life is for Istanbulites. In such a way that in the food, housing, transportation and clothing sectors, the annual inflation is close to 80%, which is significantly different from other cities in Turkey.

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