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Rising living costs and rapid inflation continue to put pressure on rents. Ridvan Akgun, president of the Izmir Real Estate Club, has raised serious concerns, predicting a 50% increase in rents in the first half of 2025.Having started the year with a 25% increase, rents could rise by 50% in the first half of next year, ANKA News reported.
Akgun noted that many people face difficulties in finding affordable housing. He stressed that the construction industry is facing serious challenges: "Some contractors can no longer build houses. High costs have reduced the available supply, leading to price hikes. Analysts stress the need for urgent action for tenants looking for a home, especially during the winter months when the housing market is usually characterised by rare stability.
