How many years of income are needed to buy a home in Turkey? Global ranking released
According to the UN-Habitat World Cities Report 2026, it takes 12.6 years of income for an average household in Turkey to become a homeowner. Turkey ranked 136th out of 183 countries in the housing affordability index.
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As the gap between housing prices and household income continues to widen on a global scale, housing affordability varies significantly across countries. An analysis prepared by Visual Capitalist, based on data from the UN-Habitat World Cities Report 2026, reveals how many years of income are required for an average household to purchase a home.
According to the research, it takes 12.6 years of household income to purchase an average-priced home in Turkey. With this ratio, Turkey ranked 136th out of 183 countries in the housing affordability index.
COUNTRIES WHERE BUYING A HOME IS MOST DIFFICULT
According to the research, the 10 countries where it is most difficult to purchase a home based on average income are as follows:
- Syria: 70.2 years of income
- Hong Kong: 61.2 years of income
- Nepal: 59.0 years of income
- Venezuela: 54.4 years of income
- Cuba: 53.5 years of income
- Ethiopia: 49.7 years of income
- China: 47.8 years of income
- Sri Lanka: 37.7 years of income
- Argentina: 33.1 years of income
- Russia: 30.8 years of income
COUNTRIES IN TURKEY'S GROUP
Countries with income-to-housing ratios similar to Turkey's are listed as follows:
- Turkey: 12.6 years of income
- Malaysia: 12.5 years of income
- Brazil: 12.2 years of income
- Mexico: 11.9 years of income
- Kazakhstan: 11.8 years of income
COUNTRIES WHERE BUYING A HOME IS EASIEST
The 10 countries requiring the least amount of annual income to purchase a home are listed as follows:
- Belgium: 4.6 years of income
- Denmark: 4.5 years of income
- Norway: 4.4 years of income
- Sweden: 4.3 years of income
- Finland: 4.2 years of income
- Austria: 4.1 years of income
- Germany: 4.0 years of income
- Switzerland: 3.9 years of income
- Japan: 3.7 years of income
- Luxembourg: 3.5 years of income
HOW WAS THE CALCULATION MADE?
The indicator used in the study measures how many times the average annual household income is required to purchase an average-priced home. A higher ratio indicates that purchasing a home requires more income, while a lower ratio indicates that a home can be purchased with less income. The research was prepared using data from the UN-Habitat World Cities Report 2026, covering over 180 countries.