The Real Decline in Housing Continues.
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According to the Turkish Central Bank (TCMB) Housing Price Index (HPI) data for September, the housing price index increased nominally by 22.3 percent in September compared to the same month of the previous year.
According to CBRT data, housing prices increased by 1.2% monthly and 22.3% annually in September, but decreased by 5.7% in real terms. The New Tenant Rent Index also rose by 26.6% annually, but showed a 2.4% decrease in real terms.
According to CMB data, the House Price Index increased 1.2 percent month-on-month in September and 22.3 percent year-on-year; the index declined 5.7 percent in real terms on a year-on-year basis. The New Tenant Rent Index, on the other hand, increased by 2.1 per cent month-on-month and the nominal 26.6 per cent year-on-year, while the real fell 2.4 per cent.
The Housing Price Index increased by 1.2 percent in September compared to the previous month, and by 22.3 percent nominally compared to the same month of the previous year, but decreased by 5.7 percent in real terms. Thus, there has been a real decrease in housing prices in 29 of the last 30 months. In the third quarter of 2026, the average price of a 100-square-meter house across Turkey rose to 5,388,690 TL. In Istanbul, the average price excee…
According to data from the Central Bank of the Republic of Turkey (TCMB), real housing prices fell by 5.7 percent in September.
The Central Bank of the Republic of Turkey (TCMB) has released the September data for the Housing Price Index (HPI) and the New Tenant Rent Index (YKKE). These indexes track quality-adjusted price changes for housing in Türkiye...
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