Housing Index in Turkey increased to 182.40 points in May from 176.40 points in April 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 (QTRR628BIS) from Q1 2010 to Q4 2024 about Turkey, residential, HPI, housing, real, price index, indexes, and price.

Key information about Turkey Gold Production

• Turkey Real Residential Property Price Index was reported at 224.559 2010=100 in Sep 2024.
• This records a decrease from the previous number of 229.125 2010=100 for Jun 2024.
• Turkey Real Residential Property Price Index data is updated quarterly, averaging 118.882 2010=100 from Mar 2010 to Sep 2024, with 59 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]

Graph and download economic data for Real Residential Property Prices for Turkey (QTRR368BIS) from Q1 2011 to Q1 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.

As of March 2024, Ankara became the region with the highest house price index (HPI) in Turkey. The largest city in the Republic of Turkey, Istanbul, recorded a house price index (HPI) of about 1015.

Residential Property Prices in Turkey increased 31.84 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Turkey Residential Property Prices.

The nominal house price indices in Turkey followed an increasing trend from 2011 to 2023. In 2023, the figures presented a significant growth by **** percent compared to the previous year and amounted to nearly ***** index points.

Key information about Turkey Real Residential Property Price Index Growth

• Turkey Real Residential Property Price Index Growth was reported at -13.509 % in Sep 2024.
• This records a decrease from the previous number of -13.112 % for Jun 2024.
• Turkey Real Residential Property Price Index Growth data is updated quarterly, averaging 3.730 % from Mar 2011 to Sep 2024, with 55 observations.
• The data reached an all-time high of 57.246 % in Mar 2023 and a record low of -13.509 % in Sep 2024.
• Turkey Real Residential Property Price Index Growth 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: YoY %.

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.

House price index in Turkey, March, 2025 The most recent value is 3622.43 index points as of Q1 2025, an increase compared to the previous value of 3300.23 index points. Historically, the average for Turkey from Q1 2010 to Q1 2025 is 624.18 index points. The minimum of 97.39 index points was recorded in Q1 2010, while the maximum of 3622.43 index points was reached in Q1 2025. | TheGlobalEconomy.com

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

In 2024, Turkey had the highest inflation-adjusted house price index out of the ** European countries under observation, making it the country where house prices have increased the most since 2010. In Turkey, the house price index exceeded *** index points in the fourth quarter of 2024, showing an increase in real terms of *** percent since 2010, the baseline year for the index. Iceland and Estonia completed the top three, with an index value of *** and *** index points. In the past year, however, many European countries saw house prices decline in real terms. Where can I find other metrics on different housing markets in Europe? To assess the valuation in different housing markets, one can compare the house-price-to-income ratios of different countries worldwide. These ratios are calculated by dividing nominal house prices by nominal disposable income per head. There are also ratios that look at how residential property prices relate to domestic rents, such as the house-price-to-rent ratio for the United Kingdom. Unfortunately, these numbers are not available in a European overview. An overview of the price per square meter of an apartment in the EU-28 countries is available, however. One region, different markets An important trait of the European housing market is that there is not one market, but multiple. Property policy in Europe lies with the domestic governments, not with the European Union. This leads to significant differences between European countries, which shows in, for example, the homeownership rate (the share of owner-occupied dwellings of all homes). These differences also lead to another problem: the availability of data. Non-Europeans might be surprised to see that house price statistics vary in depth, as every country has their own methodology and no European body exists that tracks this data for the whole continent.

Turkey Borsa Istanbul: Index: BIST Real Estate Investment Trusts data was reported at 3,636.450 NA in Apr 2025. This records a decrease from the previous number of 3,666.920 NA for Mar 2025. Turkey Borsa Istanbul: Index: BIST Real Estate Investment Trusts data is updated monthly, averaging 429.600 NA from Jun 2013 (Median) to Apr 2025, with 143 observations. The data reached an all-time high of 3,666.920 NA in Mar 2025 and a record low of 250.670 NA in May 2019. Turkey Borsa Istanbul: Index: BIST Real Estate Investment Trusts data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s Turkey – Table TR.EDI.SE: Borsa Istanbul: Monthly.

In 2024, Turkey was the country with the highest increase in house prices since 2010 in Europe. In the fourth 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 almost ***** percent (** times) since 2010, the baseline year when the index value was set to ***. Iceland 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.

Housing Starts in Turkey increased to 7239 units in March from 5755 units in February of 2025. This dataset provides the latest reported value for - Turkey Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Real residential property prices Y-on-Y, percent change in Turkey, March, 2025 The most recent value is -5.63 percent as of Q1 2025, an increase compared to the previous value of -12.34 percent. Historically, the average for Turkey from Q1 2011 to Q1 2025 is 6.91 percent. The minimum of -13.51 percent was recorded in Q3 2024, while the maximum of 57.25 percent was reached in Q1 2023. | TheGlobalEconomy.com

The Turkish residential real estate market, valued at $99.05 million in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 11.16% from 2025 to 2033. This expansion is fueled by several key factors. Turkey's strategic geographic location, bridging Europe and Asia, attracts significant foreign investment, particularly in coastal areas like Antalya, Bodrum, and Fethiye, known for their tourism and lifestyle appeal. Furthermore, a growing domestic population, increasing urbanization, and government initiatives promoting affordable housing contribute to market demand. The market is segmented into apartments and condominiums, which dominate the market share, and villas and landed houses, catering to a higher-end buyer segment. Major players like Agaoglu Group, Artas Group, and others shape the competitive landscape. While robust growth is anticipated, challenges such as economic volatility and fluctuating currency exchange rates could potentially restrain market expansion. The market's growth trajectory will be significantly influenced by infrastructure development, regulatory changes, and the overall health of the Turkish economy. The forecast period, 2025-2033, is expected to witness sustained growth, although the rate might fluctuate year-to-year depending on macroeconomic conditions. Istanbul, Bursa, and Antalya remain key cities driving market expansion due to their established infrastructure, employment opportunities, and diverse housing options. While the provided data focuses primarily on the Turkish domestic market, international investors, particularly from Europe and the Middle East, play a significant role, influencing demand and price dynamics. Analyzing regional trends reveals that the European and Middle Eastern & African markets will likely exhibit the highest growth in investment and demand, mirroring the trends in foreign investment into Turkish real estate. The market's performance will closely track broader economic indicators in Turkey and the global landscape. Ongoing construction activity, especially in new developments and infrastructure projects, will directly impact market supply and growth. Recent developments include: In February 2022, Emlak Konut announced the construction of 900 residential housing units. The total value of the construction is TRY 3.1 billion (USD 211 million). The project is located in the Sariyer district, and it is estimated to be completed by the end of 2024., In January 2021, Ofton Construction announced the construction of three residential projects, which are in the planning and designing phase, named Bomonti, Levente, and Nisantasi. These three projects are located in different locations- Sisli, Levent, and Nisantasi, respectively. All these projects are estimated to be completed in 2025.. Notable trends are: Increasing FDI Flow in the Residential Real Estate Market in Turkey.

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

Turkey House Price Index: Nevsehir, Nigde, Aksaray, Kirikkale data was reported at 209.380 2010=100 in Sep 2018. This records an increase from the previous number of 208.820 2010=100 for Aug 2018. Turkey House Price Index: Nevsehir, Nigde, Aksaray, Kirikkale data is updated monthly, averaging 142.580 2010=100 from Jan 2010 (Median) to Sep 2018, with 105 observations. The data reached an all-time high of 209.380 2010=100 in Sep 2018 and a record low of 95.210 2010=100 in Jan 2010. Turkey House Price Index: Nevsehir, Nigde, Aksaray, Kirikkale 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.