Turkey's Global Homeownership Ranking: Below OECD Average

Turkey ranks 39th in global homeownership rates with 55.7%, significantly below the OECD average of 70.1%, highlighting structural challenges in housing accessibility. Rising property prices and youth housing difficulties are critical issues in a country where property ownership remains a cultural priority. While Slovakia (93.5%) and Romania (92.8%) lead the rankings, advanced economies like Germany (41%) and Switzerland (38.2%) exhibit lower rates due to robust rental markets and tenant protections. Analysts attribute high homeownership in former socialist states to subsidized public housing sales. Turkey's housing policy focus includes affordable construction, mortgage system enhancement, and urban planning reforms. These trends underscore the urgency for fiscal adjustments and tax incentives to address housing market inefficiencies.