{ "ok": true, "inputs": { "sort": "affordability", "flatM2": 70, "country": "TR" }, "updated": "2026-09-01", "methodology": "Housing affordability from keyless public data — fetched, never modelled. priceToIncomeVsLongRun and priceToRentVsLongRun are each country's ratio expressed as a percentage of its OWN long-run average, so 123 means 23% less affordable than that country's historical norm; they compare a country to its own history, not to other countries. Mortgage rates cover the euro area only — elsewhere the rate is unknown, not estimated. City rent and purchase prices are real Eurostat Urban Audit figures and exist for only a few countries; no city figure is ever filled in from a model. housingPriceLevelEu (EU27=100) is the measured housing price level used to check the site's own rent model, which understates housing by up to ~40% where housing has decoupled from the general price level. US cities carry fmrGrossMonthlyUsd instead of rentPerM2Year: HUD Fair Market Rents are a different statistic — the 40th percentile rather than a median, gross rent including tenant-paid utilities rather than rent alone, and priced per bedroom count rather than per m². They are reported under their own basis tag and are not interchangeable with the Eurostat city rents.", "rows": [ { "country": "CO", "name": "Colombia", "rentMonthlyUsd": 448.26, "rentBasis": "modelled", "rentPctOfLocalMedian": 125.4, "metrics": { "priceToIncomeVsLongRun": 94.3, "priceToRentVsLongRun": 150.6 }, "years": { "priceToIncomeVsLongRun": "2024-Q4", "priceToRentVsLongRun": "2026-Q1" }, "measuredCities": 0, "rank": 1 }, { "country": "TR", "name": "Türkiye", "rentMonthlyUsd": 453.24, "rentBasis": "modelled", "rentPctOfLocalMedian": 42.1, "metrics": { "housingPriceLevelEu": 24.1 }, "years": { "housingPriceLevelEu": 2024 }, "measuredCities": 0, "rank": 2 }, { "country": "ZA", "name": "South Africa", "rentMonthlyUsd": 510.86, "rentBasis": "modelled", "rentPctOfLocalMedian": 140.4, "metrics": { "priceToIncomeVsLongRun": 94 }, "years": { "priceToIncomeVsLongRun": "2025-Q4" }, "measuredCities": 0, "rank": 3 }, { "country": "ES", "name": "Spain", "rentMonthlyUsd": 541.61, "rentBasis": "measured", "rentPctOfLocalMedian": 19.8, "metrics": { "priceToIncomeVsLongRun": 127, "priceToRentVsLongRun": 166.6, "mortgageRatePct": 2.89, "housingPriceLevelEu": 96.5 }, "years": { "priceToIncomeVsLongRun": "2026-Q1", "priceToRentVsLongRun": "2026-Q1", "mortgageRatePct": "2026-06", "housingPriceLevelEu": 2024 }, "measuredCities": 93, "rank": 4 }, { "country": "PT", "name": "Portugal", "rentMonthlyUsd": 618.53, "rentBasis": "measured", "rentPctOfLocalMedian": 29.8, "metrics": { "priceToIncomeVsLongRun": 142.7, "priceToRentVsLongRun": 152.6, "mortgageRatePct": 2.95, "housingPriceLevelEu": 80.1 }, "years": { "priceToIncomeVsLongRun": "2026-Q1", "priceToRentVsLongRun": "2026-Q1", "mortgageRatePct": "2026-06", "housingPriceLevelEu": 2024 }, "measuredCities": 16, "rank": 5 }, { "country": "PL", "name": "Poland", "rentMonthlyUsd": 681.77, "rentBasis": "modelled", "rentPctOfLocalMedian": 37.7, "metrics": { "housingPriceLevelEu": 49.2 }, "years": { "housingPriceLevelEu": 2024 }, "measuredCities": 0, "rank": 6 }, { "country": "HU", "name": "Hungary", "rentMonthlyUsd": 711.9, "rentBasis": "modelled", "rentPctOfLocalMedian": 43.9, "metrics": { "housingPriceLevelEu": 61.1 }, "years": { "housingPriceLevelEu": 2024 }, "measuredCities": 0, "rank": 7 }, { "country": "KR", "name": "South Korea", "rentMonthlyUsd": 796.64, "rentBasis": "modelled", "rentPctOfLocalMedian": 34.4, "metrics": { "priceToIncomeVsLongRun": 47.8, "priceToRentVsLongRun": 106.2 }, "years": { "priceToIncomeVsLongRun": "2025-Q1", "priceToRentVsLongRun": "2025-Q1" }, "measuredCities": 0, "rank": 8 }, { "country": "CZ", "name": "Czechia", "rentMonthlyUsd": 842, "rentBasis": "modelled", "rentPctOfLocalMedian": 36.4, "metrics": { "housingPriceLevelEu": 103.3 }, "years": { "housingPriceLevelEu": 2024 }, "measuredCities": 0, "rank": 9 }, { "country": "GR", "name": "Greece", "rentMonthlyUsd": 851.96, "rentBasis": "modelled", "rentPctOfLocalMedian": 41.9, "metrics": { "priceToIncomeVsLongRun": 109.4, "priceToRentVsLongRun": 128.8, "mortgageRatePct": 3.26, "housingPriceLevelEu": 70.5 }, "years": { "priceToIncomeVsLongRun": "2025-Q4", "priceToRentVsLongRun": "2025-Q4", "mortgageRatePct": "2026-06", "housingPriceLevelEu": 2024 }, "measuredCities": 0, "rank": 10 }, { "country": "JP", "name": "Japan", "rentMonthlyUsd": 938.94, "rentBasis": "modelled", "rentPctOfLocalMedian": 39.3, "metrics": { "priceToIncomeVsLongRun": 87.7, "priceToRentVsLongRun": 109.5 }, "years": { "priceToIncomeVsLongRun": "2025-Q4", "priceToRentVsLongRun": "2025-Q4" }, "measuredCities": 0, "rank": 11 }, { "country": "IT", "name": "Italy", "rentMonthlyUsd": 1032.5, "rentBasis": "modelled", "rentPctOfLocalMedian": 30.1, "metrics": { "priceToIncomeVsLongRun": 90.5, "priceToRentVsLongRun": 93.4, "mortgageRatePct": 3.54, "housingPriceLevelEu": 93.4 }, "years": { "priceToIncomeVsLongRun": "2026-Q1", "priceToRentVsLongRun": "2025-Q4", "mortgageRatePct": "2026-06", "housingPriceLevelEu": 2024 }, "measuredCities": 0, "rank": 12 }, { "country": "US", "name": "United States", "rentMonthlyUsd": 1109, "rentBasis": "fmr", "rentPctOfLocalMedian": 21.8, "metrics": { "priceToIncomeVsLongRun": 111.7, "priceToRentVsLongRun": 130.2 }, "years": { "priceToIncomeVsLongRun": "2026-Q1", "priceToRentVsLongRun": "2024-Q4" }, "measuredCities": 462, "rank": 13 }, { "country": "FR", "name": "France", "rentMonthlyUsd": 1191.73, "rentBasis": "modelled", "rentPctOfLocalMedian": 32.4, "metrics": { "priceToIncomeVsLongRun": 106.7, "priceToRentVsLongRun": 128.9, "mortgageRatePct": 3.16, "housingPriceLevelEu": 122.5 }, "years": { "priceToIncomeVsLongRun": "2026-Q1", "priceToRentVsLongRun": "2026-Q1", "mortgageRatePct": "2026-06", "housingPriceLevelEu": 2024 }, "measuredCities": 0, "rank": 14 }, { "country": "DE", "name": "Germany", "rentMonthlyUsd": 1284.94, "rentBasis": "modelled", "rentPctOfLocalMedian": 32.8, "metrics": { "priceToIncomeVsLongRun": 85.8, "priceToRentVsLongRun": 112, "mortgageRatePct": 3.95, "housingPriceLevelEu": 113.1 }, "years": { "priceToIncomeVsLongRun": "2026-Q1", "priceToRentVsLongRun": "2026-Q1", "mortgageRatePct": "2026-06", "housingPriceLevelEu": 2024 }, "measuredCities": 0, "rank": 15 }, { "country": "NL", "name": "Netherlands", "rentMonthlyUsd": 1341.36, "rentBasis": "modelled", "rentPctOfLocalMedian": 30.7, "metrics": { "priceToIncomeVsLongRun": 141.4, "priceToRentVsLongRun": 157.3, "mortgageRatePct": 3.71, "housingPriceLevelEu": 129.8 }, "years": { "priceToIncomeVsLongRun": "2025-Q4", "priceToRentVsLongRun": "2025-Q4", "mortgageRatePct": "2026-06", "housingPriceLevelEu": 2024 }, "measuredCities": 0, "rank": 16 }, { "country": "IE", "name": "Ireland", "rentMonthlyUsd": 1355.01, "rentBasis": "modelled", "rentPctOfLocalMedian": 24, "metrics": { "priceToIncomeVsLongRun": 110.6, "priceToRentVsLongRun": 116.4, "mortgageRatePct": 3.46, "housingPriceLevelEu": 187.3 }, "years": { "priceToIncomeVsLongRun": "2026-Q1", "priceToRentVsLongRun": "2026-Q1", "mortgageRatePct": "2026-06", "housingPriceLevelEu": 2024 }, "measuredCities": 0, "rank": 17 }, { "country": "CA", "name": "Canada", "rentMonthlyUsd": 1357.28, "rentBasis": "modelled", "rentPctOfLocalMedian": 37.2, "metrics": { "priceToIncomeVsLongRun": 141.2, "priceToRentVsLongRun": 160.1 }, "years": { "priceToIncomeVsLongRun": "2026-Q2", "priceToRentVsLongRun": "2026-Q2" }, "measuredCities": 0, "rank": 18 }, { "country": "SE", "name": "Sweden", "rentMonthlyUsd": 1373.26, "rentBasis": "modelled", "rentPctOfLocalMedian": 32.3, "metrics": { "priceToIncomeVsLongRun": 119.4, "priceToRentVsLongRun": 145.1, "housingPriceLevelEu": 112 }, "years": { "priceToIncomeVsLongRun": "2026-Q1", "priceToRentVsLongRun": "2026-Q1", "housingPriceLevelEu": 2024 }, "measuredCities": 0, "rank": 19 }, { "country": "CH", "name": "Switzerland", "rentMonthlyUsd": 1415.82, "rentBasis": "measured", "rentPctOfLocalMedian": 21.5, "metrics": { "priceToIncomeVsLongRun": 123.6, "priceToRentVsLongRun": 130.1, "housingPriceLevelEu": 214.4 }, "years": { "priceToIncomeVsLongRun": "2026-Q1", "priceToRentVsLongRun": "2026-Q1", "housingPriceLevelEu": 2024 }, "measuredCities": 10, "rank": 20 }, { "country": "NZ", "name": "New Zealand", "rentMonthlyUsd": 1423.81, "rentBasis": "modelled", "rentPctOfLocalMedian": 53.4, "metrics": { "priceToIncomeVsLongRun": 125.2, "priceToRentVsLongRun": 170.6 }, "years": { "priceToIncomeVsLongRun": "2025-Q4", "priceToRentVsLongRun": "2025-Q4" }, "measuredCities": 0, "rank": 21 }, { "country": "NO", "name": "Norway", "rentMonthlyUsd": 1458.58, "rentBasis": "modelled", "rentPctOfLocalMedian": 23, "metrics": { "priceToIncomeVsLongRun": 120.1, "priceToRentVsLongRun": 165.4, "housingPriceLevelEu": 99.9 }, "years": { "priceToIncomeVsLongRun": "2026-Q2", "priceToRentVsLongRun": "2026-Q2", "housingPriceLevelEu": 2024 }, "measuredCities": 0, "rank": 22 }, { "country": "GB", "name": "United Kingdom", "rentMonthlyUsd": 1465.56, "rentBasis": "modelled", "rentPctOfLocalMedian": 40.8, "metrics": { "priceToIncomeVsLongRun": 116.6, "priceToRentVsLongRun": 131.4 }, "years": { "priceToIncomeVsLongRun": "2026-Q1", "priceToRentVsLongRun": "2026-Q1" }, "measuredCities": 0, "rank": 23 }, { "country": "AU", "name": "Australia", "rentMonthlyUsd": 1533.54, "rentBasis": "modelled", "rentPctOfLocalMedian": 40.3, "metrics": { "priceToIncomeVsLongRun": 154.4, "priceToRentVsLongRun": 175.5 }, "years": { "priceToIncomeVsLongRun": "2026-Q1", "priceToRentVsLongRun": "2025-Q3" }, "measuredCities": 0, "rank": 24 }, { "country": "DK", "name": "Denmark", "rentMonthlyUsd": 1545.35, "rentBasis": "modelled", "rentPctOfLocalMedian": 31, "metrics": { "priceToIncomeVsLongRun": 122.4, "priceToRentVsLongRun": 154.5, "housingPriceLevelEu": 185.5 }, "years": { "priceToIncomeVsLongRun": "2026-Q1", "priceToRentVsLongRun": "2026-Q1", "housingPriceLevelEu": 2024 }, "measuredCities": 0, "rank": 25 } ], "focus": { "country": "TR", "name": "Türkiye", "rentMonthlyUsd": 453.24, "rentBasis": "modelled", "rentPctOfLocalMedian": 42.1, "metrics": { "housingPriceLevelEu": 24.1 }, "years": { "housingPriceLevelEu": 2024 }, "measuredCities": 0, "rank": 2 }, "excluded": 0, "attribution": { "sources": [ { "id": "oecd-ecb-eurostat-housing", "label": "OECD, ECB & Eurostat", "attribution": "Housing affordability, mortgage rates and measured city rents. OECD — DSD_AN_HOUSE_PRICES, HPI_YDH_AVG (% of long-term average); OECD — DSD_AN_HOUSE_PRICES, HPI_RPI_AVG (% of long-term average); ECB Data Portal — MIR, new housing loans to households (euro area); Eurostat — prc_ppp_ind, ppp_cat A0104 (EU27=100); Eurostat Urban Audit — SA1049V, average annual rent per m² (EUR); Eurostat Urban Audit — SA1053V, apartment price per m² (EUR); Eurostat Urban Audit — SA1051V, average apartment price (EUR); HUD USER — Fair Market Rents FY2026, One-Bedroom (40th-percentile GROSS rent, incl. tenant-paid utilities, USD/month). Affordability ratios compare a country with its OWN long-run average, not with other countries. Rents marked \"modelled\" are derived from the site's price basket, which understates housing where it has decoupled from the general price level.", "updated": "2026-09-01", "url": "https://www.oecd.org/en/data/indicators/housing-prices.html" } ], "citation": "Geo-Parity — Housing Costs & Affordability. Data: OECD, ECB & Eurostat. https://geo-parity.com/housing/turkiye/", "permalink": "https://geo-parity.com/housing/turkiye/", "terms": "Free to use and quote with attribution. Figures are estimates for orientation, not advice." } }