Central Bank of Türkiye Republicof (CBRTAccording to the housing price index data published by ) ) house prices increased by 58.31 percent compared to the previous year. annual event in Turkey in February inflation It was recorded as 67.07 percent. Thus, the annual increase in house prices fell behind the annual inflation for the first time since December 2019.
in February housing pricesThe annual increase in was recorded as the lowest annual increase since December 2021. The annual increase in housing prices reached a record level of 189.1 percent in September 2022. According to CBRT data, house prices increased by 2.2 percent in February compared to the previous month. When adjusted for inflation, the real decrease was recorded as 5.1 percent in February.
Real return only in Ankara
Considering the big cities, Ankara was the only city where the annual increase was above inflation. Housing prices in Ankara increased by 72.9 percent in February compared to the same period of the previous year. The average price per square meter in Ankara increased to 24 thousand 918 TL.
Izmir followed Ankara with an increase of 57.4 percent. The average unit price in Izmir was recorded as 36 thousand 65 TL. Housing prices in Istanbul increased by 45.6 percent annually in February. The average unit price in Istanbul was 45 thousand 420 TL. The average price across Türkiye increased to 31 thousand 364 TL in February.
