Post-Earthquake Housing Supply Is Slowing Rent Inflation.
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The Central Bank of the Republic of Turkey (TCMB) Blog, featuring analyses by researchers within the TCMB, discussed the impact of the "Construction of the Century" campaign, conducted by the Ministry of Environment, Urbanization and Climate Change in the earthquake zone, on increased housing supply and regional rent inflation.
The Central Bank of the Republic of Turkey (TCMB) analyzed the current situation regarding housing rents, which skyrocketed after the earthquake! With the number of housing units delivered by TOKİ (Housing Development Administration of Turkey) reaching 434,000 by the end of 2025, the slowdown in rental inflation that began in the earthquake-affected provinces has spread to other provinces receiving migration in 2026. Here are all the details on …
The CMB's analysis noted that the loss of housing stock following the February 6, 2023 earthquakes and migrations from the region to other provinces increased rental inflation. It was noted that with the re-strengthening of housing supply, rental inflation in the earthquake provinces began to slow down in 2025, this trend was also evident in the provinces indirectly affected by the earthquake in 2026. The analysis assessed that the improvement i…
Economy - According to a new report published by the Central Bank of the Republic of Turkey, the accelerating housing supply in the earthquake zone and the beginning of a return migration wave have started to significantly suppress rental inflation both in the region and in surrounding provinces.
The Central Bank of Turkey's analysis shows that the February 6th earthquakes reduced the housing stock, increasing rental inflation, but as supply recovered with the delivery of 434,000 housing units by TOKİ (Housing Development Administration of Turkey), rental increases slowed in the earthquake zone and indirectly affected provinces.
Increase in housing supply accelerated Reconstruction efforts led by the government have significantly increased the housing supply in the earthquake zone. According to the data, the earthquake...
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