Housing Index in Turkey increased to 198.80 points in October from 195.70 points in September of 2025. This dataset provides the latest reported value for - Turkey House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Real Residential Property Prices for Turkey (QTRR368BIS) from Q1 2011 to Q2 2025 about Turkey, residential, housing, real, and price.

Key information about House Prices Growth

• Turkey house prices grew 29.4% YoY in Dec 2024, following an increase of 29.4% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 2011 to Dec 2024, with an average growth rate of 12.4%.
• House price data reached an all-time high of 186.8% in Oct 2022 and a record low of 1.2% in Jun 2019.

Key information about Turkey Gold Production

• Turkey Real Residential Property Price Index was reported at 223.351 2010=100 in Jun 2025.
• This records a decrease from the previous number of 223.921 2010=100 for Mar 2025.
• Turkey Real Residential Property Price Index data is updated quarterly, averaging 126.032 2010=100 from Mar 2010 to Jun 2025, with 62 observations.
• The data reached an all-time high of 263.702 2010=100 in Jun 2023 and a record low of 98.667 2010=100 in Mar 2010.
• Turkey Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

Residential Property Prices in Turkey increased 32.65 percent in June of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Turkey Residential Property Prices.

House price index in Turkey, June, 2025 The most recent value is 3866.55 index points as of Q2 2025, an increase compared to the previous value of 3622.43 index points. Historically, the average for Turkey from Q1 2010 to Q2 2025 is 676.48 index points. The minimum of 97.39 index points was recorded in Q1 2010, while the maximum of 3866.55 index points was reached in Q2 2025. | TheGlobalEconomy.com

In August 2025, Ankara was the region with the highest house price index (HPI) in Turkey, with 2023 as the base value. The largest city in the Republic of Turkey, Istanbul, recorded a house price index (HPI) of ******

Turkey Residential Property Price Index (RPPI) data was reported at 108.830 2017=100 in Feb 2019. This records an increase from the previous number of 107.800 2017=100 for Jan 2019. Turkey Residential Property Price Index (RPPI) data is updated monthly, averaging 69.750 2017=100 from Jan 2010 (Median) to Feb 2019, with 110 observations. The data reached an all-time high of 109.280 2017=100 in Jul 2018 and a record low of 45.360 2017=100 in Jan 2010. Turkey Residential Property Price Index (RPPI) data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.EB002: Residential Property Price Index.

Turkey House Price Index: Istanbul data was reported at 313.080 2010=100 in Sep 2018. This records an increase from the previous number of 308.630 2010=100 for Aug 2018. Turkey House Price Index: Istanbul data is updated monthly, averaging 175.260 2010=100 from Jan 2010 (Median) to Sep 2018, with 105 observations. The data reached an all-time high of 313.080 2010=100 in Sep 2018 and a record low of 96.690 2010=100 in Jan 2010. Turkey House Price Index: Istanbul data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.EB002: House Price Index.

The nominal house price index in Turkey followed an increasing trend from 2011 to 2024. In 2024, the figure amounted to ******* index points with 2015 as the base year with 100 index points.

In 2025, Turkey was the country with the highest increase in house prices since 2010 in Europe. In the second quarter of the year, the nominal house price index in Turkey reached ******** index points. House prices in Turkey have soared since 2021, fueled by hyperinflation in the country. According to the index, which amounted to *** in 2010, house prices in Turkey increased by over ***** percent (** times) since 2010, the baseline year when the index value was set to ***. Hungary had the second-highest increase, at ****** index points (*** percent). It is important to note that the nominal index does not account for the effects of inflation, meaning that price growth in real terms was slower.

Turkey House Price Index: Izmir data was reported at 294.310 2010=100 in Sep 2018. This records a decrease from the previous number of 300.060 2010=100 for Aug 2018. Turkey House Price Index: Izmir data is updated monthly, averaging 153.150 2010=100 from Jan 2010 (Median) to Sep 2018, with 105 observations. The data reached an all-time high of 300.060 2010=100 in Aug 2018 and a record low of 97.900 2010=100 in Feb 2010. Turkey House Price Index: Izmir data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.EB002: House Price Index.

Turkey House Price Index: Ankara data was reported at 215.350 2010=100 in Sep 2018. This records an increase from the previous number of 210.060 2010=100 for Aug 2018. Turkey House Price Index: Ankara data is updated monthly, averaging 143.690 2010=100 from Jan 2010 (Median) to Sep 2018, with 105 observations. The data reached an all-time high of 215.350 2010=100 in Sep 2018 and a record low of 96.630 2010=100 in Jan 2010. Turkey House Price Index: Ankara data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.EB002: House Price Index.

Graph and download economic data for Consumer Price Index: Services Less Housing for Turkey (TURCPISXHQINMEI) from Q1 1994 to Q1 2018 about Turkey, CPI, services, housing, price index, indexes, and price.

Turkey TR: House Price Index: YoY data was reported at 28.500 % in Dec 2024. This records a decrease from the previous number of 33.300 % for Sep 2024. Turkey TR: House Price Index: YoY data is updated quarterly, averaging 12.650 % from Mar 2011 (Median) to Dec 2024, with 56 observations. The data reached an all-time high of 180.500 % in Sep 2022 and a record low of 2.500 % in Jun 2019. Turkey TR: House Price Index: YoY data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Turkey – Table TR.Eurostat: House Price Index.

Data description

The House Price Index (HPI) measures inflation in the residential property market. The HPI captures price changes of all types of dwellings purchased by households (flats, detached houses, terraced houses, etc.). Only transacted dwellings are considered, self-build dwellings are excluded. The land component of the dwelling is included.

The HPI is available for all European Union Member States (except Greece), the United Kingdom (only until the third quarter of 2020), Iceland, Norway, Switzerland and Turkey. In addition to the individual country series, Eurostat produces indices for the euro area and for the European Union (EU). As from the first quarter of 2020 onwards, the EU HPI aggregate no longer includes the HPI from the United Kingdom.

The national HPIs are produced by National Statistical Offices (NSIs) and the European aggregates by Eurostat, by combining the national indices. The data released quarterly on Eurostat's website include the national and European price indices, weights and their rates of change.

In order to provide a more comprehensive picture of the housing market, house sales indicators are also provided. Available house sales indicators refer to the total number and value of dwellings transactions at national level where the purchaser is a household. Eurostat publishes in its database a quarterly and annual house sales index as well as quarterly and annual rates of change.

Statistical concepts and definitions

The HPI is based on market prices of dwellings. Non-marketed prices are ruled out from the scope of this indicator. Self-build dwellings, dwellings purchased by sitting tenants at discount prices or dwellings transacted between family members are out of the scope of the indicator. It covers all monetary dwelling transactions regardless of its type (e.g., carried out through a cash purchase or financed through a mortgage loan).

The HPI measures the price developments of all dwellings purchased by households, regardless of which institutional sector they were bought from and the purpose of the purchase. As such, a dwelling bought by a household for a purpose other than owner-occupancy (e.g., for being rented out) is within the scope of the indicator. The HPI includes all purchases of new and existing dwellings, including those of dwellings transacted between households.

The number and value of house sales cover the total annual value of dwellings transactions at national level where the purchaser is a household. Transactions between households are included. Transfers in dwellings due to donations and inheritances are excluded.

The house sales value reflect the prices paid by household buyers and include both the price of land and the price of the structure of the dwelling. The prices for new dwellings include VAT. Other costs related to the acquisition of the dwelling (e.g., notary fees, registration fees, real estate agency commission, bank fees) are excluded.

Statistical unit

Each published index or rate of change refers to transacted dwellings purchased at market prices by the household sector in the corresponding geographical entity. All transacted dwellings are covered, regardless of which institutional sector they were bought from and of the purchase purpose.

more: https://ec.europa.eu/eurostat/cache/metadata/en/prc_hpi_inx_esms.htm

Graph and download economic data for Harmonized Index of Consumer Prices: Services Related to Housing for Turkey (SERVHOTRM086NEST) from Jan 1996 to Oct 2025 about Turkey, harmonized, CPI, services, housing, price index, indexes, and price.

Global house prices experienced a significant shift in 2022, with advanced economies seeing a notable decline after a prolonged period of growth. The real house price index (adjusted for inflation) for advanced economies peaked at nearly *** index points in early 2022 before falling to around ***** points by the second quarter of 2023. In the second quarter of 2025, the index reached ***** points. This represents a reversal of the upward trend that had characterized the housing market for roughly a decade. Likewise, real house prices in emerging economies declined after reaching a high of ***** points in the third quarter of 2021. What is behind the slowdown? Inflation and slow economic growth have been the primary drivers for the cooling of the housing market. Secondly, the growing gap between incomes and house prices since 2012 has decreased the affordability of homeownership. Last but not least, homebuyers in 2024 faced dramatically higher mortgage interest rates, further contributing to worsening sentiment and declining transactions. Some markets continue to grow While many countries witnessed a deceleration in house price growth in 2022, some markets continued to see substantial increases. Turkey, in particular, stood out with a nominal increase in house prices of over ** percent in the first quarter of 2025. Other countries that recorded a two-digit growth include North Macedonia and Russia. When accounting for inflation, the three countries with the fastest growing residential prices in early 2025 were North Macedonia, Portugal, and Bulgaria.

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Turkey (CP0410TRM086NEST) from Jan 1996 to Oct 2025 about Turkey, rent, harmonized, CPI, housing, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: Services Less Housing for Turkey (TURCPISXHMINMEI) from Jan 1994 to May 2018 about Turkey, CPI, services, housing, price index, indexes, and price.