In 2023, the percentage of Turkish households devoting more than 40% of their income to housing costs stood at 3.07%. Forecasted data from 2024 to 2028 suggests a gradual increase, with values rising from 3.08% in 2024 to 3.13% in 2028. This depicts a relatively stable upward trend. Year-on-year percentage variation remains modest, indicating incremental changes. Over the last two years, the variation shows a consistent, albeit slow, increase. The Compound Annual Growth Rate (CAGR) over the forecasted five-year period demonstrates an average annual increase of about 0.03 percentage points.
Future trends to watch for include changes in housing policies, potential economic shifts affecting household incomes, and inflation rates. Monitoring these indicators will be crucial in anticipating more significant fluctuations in housing cost overburden.
